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Euro Technical Outlook

Friday, 22 August 2008 17:39:37 GMT

Written by Jamie Saettele, Senior Currency Strategist

As long as price is above 1.4672 (ideally, price remains above 1.4744), we are bullish and expecting a rally to at least 1.4980 if not the Fibonacci zone, which does not begin until 1.5168. 

Support is at 1.4770…coming much below there would begin to put in doubt the bullish outlook.

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