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Thread: Euro Daily Outlook

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    Default Euro Daily Outlook

    The Euro recovered 100 points on Friday and found support in the 1.3500 area. Support is now formed at 1.3485 backed by 1.3465 and 1.3400. Resistance emerges at 1.3515 followed by 1.3545 and 1.3600. Daily momentum is bearish and it won't be an easy task for the Euro to recover and signal a reversal. Hourly sentiment is neutral at the time of this writing. WHile the 1.3485 support level remains intact, the Euro may extend its recovery and re-test 1.3545. It sits on a fragile ground and the downside is not yet safe, the minor support levels formed on Friday's rally do not offer much confidence

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    Default

    EURUSD Sell @ 1.3470 Target : 1.3402 Stoploss : 1.3515

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    Default

    lol, prediction totally wrong.

    the thing is many investors are putting again money in high risk currencies reversing major sellofs by weak stock data on last weeks. this can be really damaging be bad for the dollar by the moment since much money is being put on euro, aud, nzd.

    at the writing of this message i am sure $ can get to 1.37 and then a short can be really good if starts to show slowness in the area, if it goes about 1.3750 the next week and kept strong uptrending, bears can start worrying.

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    Default EUR/USD now

    Although euro has eased after meeting minor sell
    ing at 1.3630, y'day's rebound fm 1.3552 suggests a
    correction of the decline fm 1.3720 twd res at 1.36
    55 is likely after consolidation but near term loss
    of momentum shud cap upside below 1.3680/90.

    Buy on dips for 1.3640 n if price recovers to
    1.3650 1st, sell for 1.3615 with 25 points stop...

    Range Forecast
    1.3605 / 1.3630

    Resistance/Support
    R: 1.3655/1.3685/1.3720
    S: 1.3601/1.3552/1.3506
    sm_smile

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