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Update Time: 27 Jan 2009 08:16GMT
Next Update At: 00:30GMT
EUR/USD - 1.3240
Although euro's rally above 1.3087 signals the rise from last Friday's low at 1.2764 to retrace recent decline has resumed and gain towards 1.3300/10 cannot be ruled out, near term anticipated over-bought condition should prevent sharp move beyond there and reckon price would falter below 1.3387 (previous sup), yield retreat later.
On the downside, only below 1.3136 would indicate a top is in place and bring correction towards 1.3080/90
Next Update At: 00:30GMT
EUR/USD - 1.3240
Although euro's rally above 1.3087 signals the rise from last Friday's low at 1.2764 to retrace recent decline has resumed and gain towards 1.3300/10 cannot be ruled out, near term anticipated over-bought condition should prevent sharp move beyond there and reckon price would falter below 1.3387 (previous sup), yield retreat later.
On the downside, only below 1.3136 would indicate a top is in place and bring correction towards 1.3080/90
