Wednesday, June 29, 2005


The 1.90 point boxes down from the 135.10 high are shown on the hourly chart of the September eurocurrency futures you see above. I think that the 120.60 level will hold but if I am wrong about this the worst I see on the downside is 119.90, the bottom of the current box. In either case the market should then head up to 124.00.

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