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EURUSD--Monday, February 9, 2011

110509-1012-eur1hr.gif
Exhausted yet, euro sellers?

An impulsive pattern where there was some support at the 4.236 extension.late Thursday, before Friday's continuation of the down move. The next exponent of phi would be 6.854 (1.618 to the 4th power). Right about where we are now.

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