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Monday, August 15, 2011

EUR/USD - Still going nowhere



We are going absolutly nowhere. I still expect resistance at 144 ultimately will be broken for a new move above 149.39 to finish the last leg of the ending diagonal, which has been building since the 118.75 low.



However and break below 141 and more importantly 140.09 will invalidate any further upside for a new decline towards the 129 area.

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