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Jamie's Pick: 10/19/12

Jamie's Pick: 10/19/12

Jamie Saettele, CMT, Sr. Technical Strategist

The EURUSD has slowly dropped into former 4th wave support. 13014 is additional support if needed and near term bullish risk is 12990. A print above 13139 could complete the rally from 12824. Longs were taken this morning at 13040 (released via Twitter @JamieSaettele).

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.