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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (80281)	8/30/2003 4:09:19 PM
From: Haim R. Branisteanu	Read Replies (4) of 209892

would appreciate an opinion from the tread participants on were the currency will trend next.120, 60 and 15 minute charts are enclosed. home.nyc.rr.com home.nyc.rr.com home.nyc.rr.com Some official reports call the formation a simple short squeeze and most prognosticators indicate that the trend will resume downward. As an example Credit Suisse/First Boston predicted last Friday that the EUR will be 1.077 within a month. It got there within few days. Citibank predicts 1.05 and others even parity or 1 within 2 months. Just a day ago there was a rumor that USB went short the EUR and placed stops around 1.095. On the other hand Japan officials expressed their concern of the sudden fall of the EUR/JPY from 137 to 127 within a month (this level was prevailing last March) My sense is different I think there is Japanese intervention

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