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Thursday, October 21, 2010

FX Comments 10/21/2010

Good morning,
We finally had a correction down to 1.3872.
Market picture is unclear and we are back to 1.3900 again.
Looking at technicals we are 50/50 of testing around 1.4000-30 or 1.3780-1.3800.
On this basis, I just covered my EURUSD shorts at 1.3910 for a little profit and will wait for better levels
to reenter a position.

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