Euro/Bumping 8 Month Downtrendline *PIC*

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The Euro is bumping the 8 month downtrendline for the 4th time. Price has been having lower lows and lower highs for one year now. The last rally was a very weak Fib 38.2% retracment of the May/11 high to Jan/12 low. Bottom line: The trend is still down until otherwise indicated.......... by the chart...................... not the news.

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Euro/Bumping 8 Month Downtrendline *PIC*

Re: Euro - Thanx Trades! *NM*

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