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Euro Technical Outlook
Monday, 22 June 2009 13:53:03 GMT
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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
There is no change to the bearish outlook. Staying below 1.4181 keeps the trend pointed down. The series of lower highs and lows since 1.4340 may be a series of 1st and 2nd waves. Under this scenario, the decline from 1.4014 a third of a third (powerful) wave decline. It is also possible that the current decline is wave 4 of a diagonal from 1.2454 (alternate labels). A drop below 1.3747 would enable bears to move risk to 1.4014. The outlook for equities supports USD bulls also.
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