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Today is
Wednesday, July 23, 2008  Printer Friendly |
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Update For: Wednesday Posted On: Tue, 22 Jul 2008 21:25:17 GMT EURUSD Last Price: 1.5784 Support: 1.5760, 1.5690, 1.5636, 1.5612 Resistance: 1.5875, 1.5945, 1.6036, 1.6202 Dear Subscriber, make sure to check the Video/Education page for the latest video offering.   [Lower, bottoming]Key level: 1.5612 The reversal a decline below 1.5784 is a concern. Even a correction from 1.6036 could visit the 1.570 area, where the fall from the high will consist of three waves with C=A. What's lacking is sufficient evidence to turn the larger trend down. A decline in five waves from the high would offer the needed evidence. A rally above 1.5943 would turn the trend back to the upside. "Cable offers reason for pause, but it to has fallen in a corrective three waves from its recent high." Jim Martens  |
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