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Euro Technical Outlook
Friday, 07 August 2009 14:27:12 GMT  |  Jamie Saettele, Senior Currency Strategist
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Last week’s break above 1.4340 confirmed that wave v of C is underway towards 1.4720.  The trend remains strong to the bull side against 1.4000.  I wrote yesterday that “a setback to 1.4200/80 is possible near term.”  That correction has taken place and should be nearing completion.  Expectations are for a low to form close to current price.

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