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EURUSD rebounds from 1.3282

Discussion in 'Technical Analysis' started by ForexCycle.com, Apr 8, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    Being contained by 1.3267 previous low support, EURUSD rebounds from 1.3282, suggesting that a cycle bottom is being formed on 4-hour chart. Further rise to 1.3450 area would more likely be seen in a couple of days. Key support is at 1.3267, below this level will indicate that the longer term downtrend from 1.5144 (Nov 25, 2009 high) has resumed, then another fall towards 1.3100 could be seen.


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