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Euro is Bearish Below 1.2855
Monday, 17 November 2008 14:34:49 GMT  |  Jamie Saettele, Senior Currency Strategist
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As long as the EURUSD remains below 1.2855, the trend is considered down.  Parallel channel resistance crosses 1.2830 tomorrow and decreases about 50 pips per day.  A drop to a new low (below 1.2330) is expected this week or next.

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