Can the Euro Still Rebound?

01/06/2010 1:40 pm EST

Focus: FOREX

Thomas Aspray

, Professional Trader & Analyst

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After the December sell signals (click here for more), the euro has dropped to the 1.4200 area, where it has been trying to bottom for the past ten trading sessions. The euro is still above the major 38% support at 1.4130. The failure to rally more strongly is a sign of weakness, and we may see another drop before a short-term bottom is complete.

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