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Jamie's Pick: 02/08/12

Jamie's Pick: 02/08/12

Jamie Saettele, CMT, Sr. Technical Strategist

5 waves up out of the triangle are complete, which leaves the EURUSD vulnerable to at least a corrective decline. 13165-13200 is support and the larger trend is considered bullish towards the mid 13400s as long as price is above 13088 (2/7 low). So, I am looking lower from here but will establish longs below 13200.

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