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Short Term Analysis
EURUSD rebounded from 1.5360
Tue, May 6 2008, 02:09 GMT
by Franco Shao
Being contained by the previous low support at 1.5342 (Mar 24 low), EURUSD rebounded from 1.5360. Further rise to test 1.5643 is possible in a couple of days. As long as 1.5643 resistance holds, we’d expect down trend to resume, and fall towards 1.5000 area is in favor after consolidation.
Published on Tue, May 6 2008, 02:13 GMT
Archive
- AUDUSD is forming a symmetrical triangle pattern
Published On Fri, May 16 2008, 00:38 GMT - GBPUSD rebounds from 1.9363 level
Published On Thu, May 15 2008, 02:09 GMT - USDJPY formed a short term cycle bottom at 102.58
Published On Wed, May 14 2008, 00:26 GMT - USDJPY is forming a short term cycle bottom
Published On Mon, May 12 2008, 23:58 GMT - EURUSD formed a short term cycle bottom at 1.5284
Published On Mon, May 12 2008, 01:24 GMT
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