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EUR/USD: Technical Analysis 28 January 2011

Discussion in 'Technical Analysis' started by forex4you, Jan 28, 2011.

  1. forex4you

    forex4you New Member

    Jul 13, 2010
    Likes Received:
    The forecast is much like yesterday’s in that the exchange rate is still pushing up against resistance from the underside of the long term trend-line from the June ’10 lows. It fell back this morning and found support at the redrawn trend-line from the 10th of January lows at 1.3680, where it is now. If it breaks lower it would be expected to reach support and resistance at the 1.3630-40 level initially whilst a rally back up to the 1.3725 highs is also quite possible. Find more forex trading news at Forex4you


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