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Euro Technical Outlook
Friday, 12 June 2009 15:05:15 GMT
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- Wednesday, 29 July 2009 15:03:44 GMT Euro Technical Outlook
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- Monday, 27 July 2009 14:29:51 GMT Euro Technical Outlook
- Friday, 24 July 2009 15:41:36 GMT Euro Technical Outlook
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- Monday, 20 July 2009 14:59:17 GMT Euro Technical Outlook
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 bearish 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. There is the risk of a push above last night’s high (1.4060) prior to resumption of weakness.
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