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We highlighted in an analysis email.....>

EURO-DOLLAR
EURO-DOLLAR: We highlighted in an analysis email on Friday that EURUSD remained
locked in the falling wedge chart pattern, suggesting a breakout could be
imminent. (See MNI Analysis: Can EURUSD Breakout of The Falling Wedge?). Indeed,
EURUSD confirmed the falling wedge yesterday (post Fed Bullard remarks) with the
bullish break extending to $1.1263. Next resistance is seen at $1.1278 from the
50% retracement of the Mar-Apr fall & 100-dma. Rate holds firm at typing, last
$1.1258.  

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