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Market Trend (EU Pair n Cross)


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Market Trend (USD Pair n Cross))


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Trading Update By ForexCycle

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Forex Market Movement

Tuesday, May 10, 2011

EUR/USD intraday: the downside prevails

Pivot: 1.4445.
Our Preference: SHORT positions below 1.4445 with 1.425 & 1.416 in sight.
Alternative scenario: The upside penetration of 1.4445 will call for 1.451 & 1.4575.
Comment: the pair has broken below a ST rising trend line.
Trend: ST Ltd Upside; MT Range
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