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Euro Technical Outlook
Wednesday, 10 June 2009 14:35:19 GMT  |  Jamie Saettele, Senior Currency Strategist
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The EURUSD pattern suggests that the pair is about to plunge.  5 waves down from 1.4340 make up wave 1 or A of a 5 or 3 wave bear sequence.  The rally from 1.3804 is in 3 waves, which confirms that the larger trend is down.  The minimum objective is below 1.3804 although there is much greater bearish potential.

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