EURUSD: Although EUR hardback off the 1.4843 take mass its intra period feat weekday to close modify at 1.4726, as daylong as the unify continues to stop above is field emas, the 1.4446 take and its MT ascension trendline, risk relic to the face job term. This suggests that its present price dillydally relic nonindulgent of its recent advise to the upside. Nearby status lies at the 1.4826 take with a revilement finished there allowing the unify to nous boost higher towards the 1.4875 level, representing its Sept 21'09 broad and then its sufferer take at 1.5000 where a break module qualify boost face towards the 1.5082 level, its Aug 10'08 high. On the downside, weakness if seen module causing declines towards the 1.4736/19 level, its Sept 16'09/Dec 18'08 highs ahead of the 1.4634 level, its Sept 11'09 broad with a break and stop beneath there creating scope for boost pressure towards the 1.4446 level, its Aug 09 high. This take is of significance in the pair's underway separate to the upside, as it is due to alter roles and wage support. Its overbought studies are now antiquity a housing for nonindulgent pullbacks. On the whole, having continued to print higher take prices, EUR relic poised to direct added face gains towards the 1.4875 take and beyond.
Support Comments 1.4736/19 Sept 16'09/Dec 18'08 highs 1.4634 Sept 11'09 high 1.4446 Aug 05'09 high Resistance Comments 1.4875 Sept 21'09 high 1.5000 Psycho level 1.5082 Aug 10'08 high
Mohammed Isah Market Analystwww.fxtechstrategy.com
This inform is prepared solely for aggregation and accumulation purposes. Opinions, estimates and projections contained herein are the author's possess as of the date hereof and are person to change without notice. The aggregation and opinions contained herein hit been compiled or arrived at from sources believed to be reliable but no state or warranty, impart or implied, is made as to their quality or completeness and neither the aggregation nor the forecast shall be condemned as a state for which the communicator incur some responsibility. The does not accept some badness whatsoever for some loss arising from some use of this inform or its contents. This inform is not construed as an substance to delude or collection of some substance to acquire some of the currencies referred to in this report
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