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Wednesday, July 29, 2009

RE: Video and the EURUSD

The EURUSD did break down, out of the consolidation squeeze, for a 2 pip move down. Now it has moved back up and is finding resistance at 1.4181. S/R levels above a break of 1.4181 are .4200 and .4241. It also could start ranging between .4151 and .4181, then watch for break later in the day as other Asian markets open into Moscow.
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