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Euro / US Dollar
Friday, 15 January 2010 18:12 GMT  |  Written by Jamie Saettele
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As suggested, the EURUSD has come down to 14385 Fibonacci support.  There is also potential support from a short term channel at 14325.  In the event that the decline from 14583 extends into an impulse, we’ll have an opportunity to short next week.

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum.  He is the author of Sentiment in the Forex Market.  Follow his intraday market commentary and trades at DailyFX Forex Stream.   Send requests to receive his reports via email to jsaettele@dailyfx.com.

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