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Euro Technical Outlook
Monday, 29 June 2009 14:29:26 GMT  |  Jamie Saettele, Senior Currency Strategist
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The bearish count remains valid against 1.4140 but failure to trade lower last week seriously dampens bearish confidence.  The ending diagonal count looks more probable at this point.  A drop below 1.3983 is possible near term in order to complete a small correction from 1.4118 and the bullish count is valid against 1.3888.  Until a break of one of the mentioned levels, the EURUSD is in a state of limbo.  
 

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