| pls refer to below address:- 
 http://www.elliott-wave-analysis.com/
 
 
 Wave C5 is coming down.
 
 
 07/20/2005 8:45 AM EST
 
 With its rally above the 1.217 level, mentioned as the key level on the upside in the previous update, the EUR/USD has shifted odds in favor of the assumption that the wave (b) C has finished. In my opinion, an advance above the 1.225 level will virtually confirm the fact that the bottom is in. While not expected, a drop below the 1.187 level would denote that the wave C iv is still developing.
 
 
 07/06/2005 10:50 AM EST
 
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