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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

Wednesday, June 8, 2011

EUR/USD intraday: the upside prevails. (Pre Europe Session)

Pivot: 1.4620.
Our Preference: LONG positions @ 1.463 with 1.47 & 1.4755 in sight.
Alternative scenario: The downside penetration of 1.462 will call for a slide towards 1.459 & 1.4555.
Comment: the pair has rebounded on its MT bullish channel lower boundary and should post further advance.
Trend: ST Ltd Upside; MT Range

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