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EURUSD rebounds sharply

Discussion in 'Major Currency Pairs' started by ForexCycle.com, Sep 22, 2008.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    EURUSD rebounds sharply to as high as 1.4867 and is testing 1.4908 (Aug 21 high) resistance. Consolidation would more likely be seen before breaking above this level. Initial support is at 1.4600 and followed by the up trend line from 1.3881 to 1.4150, fall below 1.4600 level will signal consolidation to the up trend.


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