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Minyu2Fx

Friday, December 28, 2007

Technical Analysis



The pair did break it support (yellow circle) and now basically back to it previous level (a-b). I drew a new trendline. I also try to count the wave as you can see in the chart above. 225.11 seems to provide a good support and the pair might retrace up to 226.14/33 area or moving sideways. A strong break below 225.11 support (green horizontal) may bring the pair back to 223.61.

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