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Sunday 8th, November 2009 -- 04:18 GMT
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Euro Technical Outlook
Posted: 02-07-2009 , 18:13 GMT


Very little has cleared up regarding the EURUSD.  It is still possible that the rally from 1.3750 is unfolding as a diagonal.  Staying above 1.4000 keeps this count valid.  However, there are numerous bearish counts that would result in price dropping below 1.3750 (one shown above).  Coming below 1.4000 would favor the downside.

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