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- Recoveries for pair are limited
- Lower stop on short to above 1.1115 high
- 1.0762 monthly low from Sept 2003 next downside target. 1.0988 Thurs base
- Long-term fibo (76.4% of 0.8228 - 1.6040) at 1.0072 looks realistic
- Prices closed the month under the 61.8% of this move at 1.1212
