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Trade Update

Trade Update

2010-03-09 15:06:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:
A larger EURUSD rally, probably a 4th wave, may be underway towards 13870-14030. 4th waves are often choppy, usually flats or triangles. An impulsive rally from 13433 and corrective decline from 13738 may be nearing completion. Watch 13500 for support. Still, I am uncomfortable with long positions at this point as equities are testing key resistance levels.

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