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Wednesday, March 9, 2011

EUR/USD - More upside to come

Back from a perfect skiing holiday in Austria.

I expect the current correction to end near the 138.40 - 138.50 area for the next leg higher towards the 142.25 area, where I expect a top to be set.

The rally since 135.24 does not show any impulsive caracters, which does not boarder well for this rally in the longer term, but we should still expect more upside to come.

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