Forex Market Commentary April 20th 2011

Forex Market Commentary—Almost all currency pairs are in a wave C of a 4 or a wave 3 of a wave 5 reversal. Even the EUR/USD and the USD/CHF have taken a temporary positive correlation to each other in the same a,b,c or 1,2,3 pattern (their only difference may be that EUR/USD is in a reversal back to the general trend while USD/CHF is in a correction. All JPY pairs are almost identical, but CHF/JPY is lagging behind the others for a change.

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