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Tuesday, December 19, 2006

FX Update : EUR/USD Pushes up

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EURUSD found its footing in front of 1.3030, the .382 retracement of the 1.2483-1.3368 rise. The recovery from yesterday's 1.3052 is taking aim at resistance from Friday's 1.3187 reaction high. A move above there would clear the way for a run at 1.3254, the Dec 14 reaction high ahead of the Dec 12 1.3293 high.

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