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Wednesday, May 16, 2007
EUR/USD: Rally Reaches 1.3600 as USD Slump Accelerates
EUR/USD has reached 1.3600, a fibo 1.382% projection off the 1.3463/1.3565 range that contained EUR/USD the last three trading sessions. 1.3615/25 is seen containing rallies near-term with several tops in that region dating back to the beginning of May. 1.3683 all-time highs remain a topside target in the near-term.
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