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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

Forex Market Movement

Thursday, May 12, 2011

EUR/USD intraday: under pressure. (Pre US session)

Pivot: 1.423
Our preference: Short positions below 1.423 with targets @ 1.412 & 1.404 in extension.
Alternative scenario: Above 1.423 look for further upside with 1.4275 & 1.4325 as targets.
Comment: the RSI is capped by a bearish trend line.

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