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Euro Technical Outlook

Monday, 05 May 2008 14:14:40 GMT

Written by Jamie Saettele, Currency Analyst

We are bearish as long as the EURUSD is below 1.5643.  Potential trendline resistance surrounds the 1.55 figure and chart resistance from a former congestion zone extends to 1.5546. 

A short term bearish target is at 1.5230.  

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