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Strategies & Market Trends : January Effect 2003

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To: Londo who wrote (502)6/2/2003 9:00:41 AM
From: RockyBalboa   of 666
 
Interestingly, today's spike led the EUR to the same price where the "turd" yesterday (before the globex opening) has been printed (1.1750-55). Since it is decently off again.

We may have not seen the traded low here - its a bit far from the breakout point (1.1710, old support) and the downward sloping trend doubtless points to a re-test of the 1.660 lines). Bidding appears to be bloodless and, absent a major trigger the direction must be down.

According to an article, traders believe that it could see 1.15
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