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12/08/2009

Definitive Break in the EUR

There's no need to squint your eyes or wiggle your trendline; the EUR/USD has absolutely broken its long-standing trendline which has been the principal reason behind the entire 2009 rally. It's disconcerting that equities aren't breaking down at anything like this rate, but I'm confident they'll catch up in due time.

1208-eur
 

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