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Considering Euro Long

Considering Euro Long

2012-01-12 12:30:00
Joel Kruger, Technical Strategist
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The trend has been intensely bearish but if the market can hold up at current levels and close back above 1.2820 on Thursday, then it would trigger a double bottom on the daily chart opening a retracement back towards the 1.3000 area. This of course is a big "IF" and we only recommend considering a Euro long should this break in fact happen.

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