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Eur/usd 22/01/2008
Current level-1.4451
The currency pair is in an uptrend unfolding from the 1.2484 bottom and probably ahead of a significant reversal on weekly basis. The technical indicators are rising and the trading is situated above the 50-day and the 200-day SMA, currently projected at 1.4302 and 1.3697.
A local bottom has been built at 1.4367 and we expect an uptrend to emerge, targeting 1.4576 and 1.4695 later on. With the recent low at 1.4367 probably the general uptrend has been renewed for a break above 1.4967, towards 1.5294, but only a break above 1.4695 will confirm our bullish view.
Resistance Support
intraday intraweek intraday intraweek
1.4826 1.4826 1.4347 1.4295
1.4867 1.4967 1.4295 1.4123
Last edited by timbecks777; 01-22-2008 at 02:27 PM.
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