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COT 04/07

Monday, 07 April 2008 16:20:56 GMT

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Written by Jamie Saettele, Technical Currency Analyst

Implications: Forming a top

COT3_4-7

EUR: The 52 wek and 13 week indexes are at 12 and 50.  Similar to the USD (but inverse) the 52 week index suggests that the larger bullish trend could continue.  However, the 13 week index has rolled over from elevated levls (83), which is bearish.

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