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EURUSD reversed lower from the 1.3000 psychological at the start of the week and then perfectly reversed higher again from base channel that became a support.

That was the ideal scenario for a current push higher into a wave (v) which may still rise towards 1.3090 while 1.2945 holds.

EUR USD Elliott Wave Analysis November 30 2012
EUR USD Elliott Wave Analysis – Click image to enlarge

However, keep in mind that a five wave rally in wave 3 could be near completion and that we will probably be tracking a larger three waves of a pull-back next week.