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Friday, March 18, 2011

EUR/USD - Still on track higher

The break above 140.06 yesterday confirmed, that we still is on track for a move higher towards first target near 141.12, but we could see a continuation higher towards 142.77, before the mess from 128.71 finally find its peak.

Support is now found near 140.23 and again at 139.78, but I would prefer to see 140.23 cap the downside.

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