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Wednesday, February 8, 2012

EUR/AUD 08.02.2012


/ On : 12:29 PM
The EUR / AUD spent a faked out of 1.22.
The course then completed a pullback on 1.23 in resistance.
The course is still below its long-term downward slant (purple line on the graph).
Indicators remain generally bearish.
We maintain to trade only during the short positions will be located below 1.23.
A declaration under 1.2250 will strengthen our bearish sentiment on the current parity.
1.22 out of validationthen offer a new sell signal for an extension of the downward trend to1.21.
In case of return of the course above 1.23 so we'll wait a bullish break of 1.24 to adviseincoming / not treat more long positions in parity.


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