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COT 02/26

Tuesday, 26 February 2008 16:27:21 GMT

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Written by Jamie Saettele, Currency Analyst

Signal: Bullish

Net non-commercial IMM positioning in EUR

COT1_2-26

EUR: The 52 and 13 week COT indexes are at 2 and 8.  The indexes have turned up from bearish extremes, which is extremely euro bullish.  We will favor the upside until a 13 week bullish extreme is reached.

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