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Daily technical outlook
Tue, Feb 7 2012, 08:20 GMTDaily Recommended Trades RSS |
Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away. ~ Antoine de Saint-Exupery Good morning. The euro is recovering after yesterday’s test of support at $1.3050, although all eyes are on Greece these days. Current recovery is all about following the Aussie dollar which rallied big time in Asian session against most counter-parts after RBA surprised the markets by leaving interest rate unchanged at 4.25% instead of cutting to 4%.
Today's GBP/USD Forecast
Tue, Feb 7 2012, 07:33 GMTToday's GBP/USD Forecast RSS |
The pair is trading along an sideways trading pattern. An downtrend will start as soon as the pair drops below support level 1.5800, which will be followed by moving down to support level 1.5730. An uptrend will start as soon as the pair rises above resistance level 1.5835, which will be followed by moving up to resistance level 1.5955. Resistances:1.5835, 1.5955 Supports: 1.5800, 1.5730, 1.5665
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