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Euro update

 8/13/09

9:50EST

Euro:

14204 is a new floating equalizer on the intra day charts.

14332 is the top (potential reversal point) we just reached 14329 and immediately dropped. Below 14204 the move down accelerates 61% (velocity)

14049 is the bottom, although the compression negates any substantial reversal from the bottom, instead merely a short lived bounce.

 

Currently the euro is “swinging” 78 points