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Wednesday, July 20, 2011

EUR/USD - Going nowhere....

Not much to add here. We are going absolutly nowhere, but when we see a break out this range, it will be we all the fireworks that have been lagging for quite a while now.
I still favor the downside with a break below 140.09 as the trigger for a new test of 138.35 on the way towards 132 and possibly even the 128.72 area.
Only a break above 142.81 will be of concern a jeopardize the bearish count.

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