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Monday, November 15, 2010

FX Comments 11/15/2010

Good afternoon, nothing decided yet on Ireland debt concerns and EURUSD is again trading under pressure.

Some support seems to emerge in the low 1.3600 area and might imply a little correction, may be up to 1.3680 area or 1.3730 even but I still think it would only represent a correction since the trend is down.

On the downside, lower supports are around 1.3540-60 before 1.3500-10.

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