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COT 03/31

Monday, 31 March 2008 18:20:22 GMT

Written by Jamie Saettele, Technical Currency Analyst

Implications: Forming a top

COT3_3-31

EUR: The 52 wek and 13 week indexes are at 24 and 76.  Similar to the USD (but inverse) the 52 week index suggests that the larger bullish trend could continue.  However, a spike in the 13 week index from 33 to near 80 suggests that a top is close.    

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