Forex Market Commentary April 12th 2011

Forex Market Commentary—The market is temporarily in what appears to be a C wave on most currency pairs. The question is how deep or whether or not this is actually a reversal for some pairs. reversal seems unlikely. Continuation of general trending is expected at the completion of the C wave of a sub-wave 4 of a wave 3 of a wave 5 in most pairs, as seen on the 4H chart.

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