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Euro Technical Outlook

Friday, 02 May 2008 10:39:54 GMT

Written by Jamie Saettele, Currency Analyst

There is no change from yesterday.  

“The bearish break this morning confirms that wave 3 (or c) within the 5 (or 3) wave bear cycle from 1.6018 is underway.  The initial bearish objective is at 1.5230 and risk can be moved to 1.5643.  Near term resistance is at 1.5540.”     

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