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Short Term Analysis
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EURUSD rebounds from 1.5783 level
Mon, Jul 21 2008, 01:54 GMT
by Franco Shao
Being supported by the up trend line from 1.5302 (Jun 13 low) to 1.5611, EURUSD rebounds from 1.5783 level. The pair might be forming a short term cycle bottom on 4-hour chart. Key resistance is now located at 1.5893, a break of this level will conform the cycle bottom, and then further rise could be seen to 1.5940 level.
Published on Mon, Jul 21 2008, 01:58 GMT
Archive
- GBPUSD remains in down trend
Published On Thu, Oct 9 2008, 00:57 GMT - USDCHF pulls back from 1.1486
Published On Thu, Oct 9 2008, 00:54 GMT - EURUSD breaks above the down trend line
Published On Wed, Oct 8 2008, 01:52 GMT - USDCHF formed a short term cycle bottom at 1.1128
Published On Tue, Oct 7 2008, 00:51 GMT - GBPUSD rebounds from 1.7551
Published On Mon, Oct 6 2008, 01:18 GMT
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