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USD-Index – Respected support at 80.70 very nicely and we could be on the road for the next rally higher towards resistance at 82.60.

EUR/USD – Here too we saw resistance at 128.15 well respected, which means we could be headed down through support at 127.20, confirming the next decline towards the 125.45 area, where we [...]

At the last trading day of 2011 I posted the following analysis on EUR/TRY: http://theelliottwavesufer.blogspot.com/2011/12/elliott-wave-analysis-on-eurtry.html
The trigger was a decline below 240.00 and we got just that last week. The close below 240 hast not only triggered a double top with a target near 221.00. It most likely also confirmed, that wave 5 of an ending [...]

USD-Index – We finally got the close over resistance at 80.70, which should open the way for a continuation higher towards the next resistance at 82.60.The Inverted S/H/S target is at 87.50, so don’t get fouled, by the corrections on the way higher.

EUR/USD – Is headed for support in the 126.45 – 127.45 area. I [...]

USD-Index – Is once again back testing the inverted S/H/S neckline. I still expect this neckline to protect the downside for a break above resistance at 80.70, which should spark the next rally towards at least 82.60.At no time should we see a move below 78.79 as that would question the possible inverted S/H/S [...]