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EURUSD--Tuesday, February 16, 2010

100216-0840-eur30min.gif
30 min chart showing a minor impulsive pattern. First objective (1.618) met around the beginning of European session. Higher target at the 2.618 level, around 1.3745.

UPDATE--Noon, NY time
2.618 FIbonacci target achieved,
A 10 minute chart.
100216-1159-eur10min.gif

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