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Thursday, May 26, 2011

EUR/USD - The bullish picture is still alive



At the all important 138.61 level is still intact, my bullish count is still alive. The break above the minor declining resistance-line from 149.39 does indicate, that resistance at 143.43 will be challenged soon, but it will have to give away to open up for a new high above the 149.39 top to finish the rally from 128.71 (see the daily chart at the top).

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