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EUR/USD

Fri, Nov 7 2008, 15:47 GMT
by Lea Peters

FXUniversity


EURUSD

  • Short term : neutral,
  • Medium term : bearish
  • Long term : bearish
  • Current resistance : 1.2850
  • Current support : 1.2650
  • Strategy: would short rallies to 1.2900-1.300

Dailies : close below 1.2530 will resume the downtrend and revisit the previous lows of 1.2330 first, with the next leg down projected @ 1.2120

On the upside : only close above 1.3100 will change the short term momentum and bring bulls into the market with the levels up to 1.32560 first


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