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07-21-2009, 10:40 AM
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Euro Technical Outlook
The count in which a 4th wave triangle is complete is favored so strategy this week and next is to prepare for a break above 1.4340 and then 1.4720. Near term (today / tomorrow), there is certainly the risk of a pullback (maybe as wave ii of 5) in order to correct the short term overbought condition. 1.4050 is potential support.
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