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Friday 02.24.2006


EURUSD
The Euro rose to the 1.1970 area then declined, enetering the range of 1.1915-1.1930 where it is still. Resistance is formed by the 1.1930 level followed by an interim resistance formed by the 1.1970 and then 1.2000. Support is formed by 1.1895 and 1.1860. Current exchange rate is 1.1919


Trading strategies:


Short in the 1.1950 area, stops above 1.1980, objectives at and below 1.1900. A break through 1.1900 may extend the objectives towards 1.1860

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