Pivot: 1.41 Our preference: Long positions above 1.41 with targets @ 1.4245 & 1.432 in extension. Alternative scenario: Below 1.41 look for further downside with 1.4045 & 1.4 as targets. Comment: the pair and its intraday RSI are supported by rising trend lines and should post a rebound. |
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Market Trend (EU Pair n Cross)
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Market Trend (USD Pair n Cross))
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Forex Market Movement
Tuesday, May 17, 2011
EUR/USD intraday: supported by a rising trend line.
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