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Sunday, January 23, 2011

EUR/USD - Topping!

Failure to break below 134.12 told us, that one more rally higher towards 136 was needed. My best micro-count is that the mess near 135.41 was an small triangle, which tells us, that the ongoing rally will be the last. The target for this rally is in the 135.36-136,50 area depending on where you measure the triangle.

Stay tuned for a turn downwards soon.

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