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Thread: The market is trying to build a base: EUR;

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    Default The market is trying to build a base: EUR;

    EUR:
    The market is trying to build a base and breaking above 1.3730 should be enough to propel prices up toward the 1.3854 all-time-high. On the downside, new support is shoring up at 1.3639, followed by the 1.3612 low. If that gives way then the market will likely head down to 1.3556

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    Default

    i really dont have any idea where those pair of currencies are going. there is a lot of confusion out there.

    usa economy is showing really strong signs of weaknes, remember that last time this was happening bush cut some taxes and boosted artificially the economy with deficits.

    now the deficit is so big, the internal debt is so big and in the other site, consumers facing credit card debts, houses losing value, subprime spreding to other area and in the other hand european union is strong but facing problems with their export cause the strong euro, facing inflation pressures and ECB september hike so...sm_scramble

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