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To: At_The_Ask who wrote (216643)	1/25/2003 8:01:30 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

The EUR went up almost in a straight line since DEC 2, 2002 for about 9% from 0.985 to 1.085. Every one is long the EUR and the currency started a narrowing wedge until Friday afternoon when it jumped around 100 pips in thin market. From a fundamental point of view the EUR over ran itself and we are prone for a sharp and swift correction. The problem is that every one knows that and the there are elements in the currency market who successfully are busting the EUR shorts. Euro advance exceeded the most bullish projection from 2 months ago See my other posts at Subject 50783