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Wednesday, December 1, 2010

EUR/USD - The long term picture

It's time to look at the long term picture again.

November turned the uptrend since June around and turned the trend down again. The big Shoulder/Head/Shoulder top could still be the dominating formation. I would like to see a break below the 125.84 - 126.42 area to confirm a new test of the S/H/S neckline. Until the break below 125.84 we should not see a move above 137.69 at any time.

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