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Euro Technical Outlook

Monday, 23 June 2008 15:53:03 GMT

Written by Boris Schlossberg, Senior Currency Strategist

The EURUSD is in danger of tracing out an outside reversal day which is generally a bearish omen suggesting a turn of trend. Nevertheless, unless our stop of 1,5464 is broken support should hold and we remain constructive on the pair.

Visit our recently updated Euro Currency Room for specific resources geared towards this currency.

STRATEGY: Bullish, against 1.5464, target above 1.5843

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