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Minyu2Fx

Tuesday, December 25, 2007

Technical Analysis



The pair broke below the channel and reach the 23% area which is also 50% retracement from the last rally (225.09/15). From here, the pair may move sideways again inside the must channel of 61.8%-38.2% from the last rally. The fibonacci expansion first target is at 50% area (226.94).

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