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Strategies & Market Trends : January Effect 2003
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To: RockyBalboa who wrote (649)7/19/2003 4:33:15 AM
From: RockyBalboa  Read Replies (1) of 666
 
The EUR has rebounded to close 1.13 that was not a bad thing. Going forward, this point marks a minor resistance in the chart. There are now 2 scenarios:
-the US markets weaken and the $ gets a pounding against EUR and it breaks out to the 1.1650 level.
-the US markets keep their strength (based on what, except momentum) and the EUR retests the 1.11 a third time and could possibly break to the downside.

Now I'm completely clueless.
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