Forex Notes: Assessing the Euro in EUR/GBP, EUR/JPY, EUR/CHF and Other Crosses

All eyes have been on the EUR/USD, which is consolidating its 2011 strength, but whether its correction will be significant depends on how resilient the EUR is. Let's take a look at the EUR/GBP, EUR/JPY, EUR/CHF, EUR/CAD, EUR/AUD and EUR/NZD. The current decline looks like a correction after an impulse wave. The 61.8% retracement level of the 5-wave upswing is near 0.88...

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