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Forex Daily Analysis

Discussion in 'Technical Analysis' started by ActionForex.com, May 7, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    EUR bounced beautifully from the latest downtrend line that can be observed in our attached chart, and inside the latest downswing A = 1.5645 B = 1.5359, and from the retrace resistance at the 1.5584/.786 mentioned in our earlier analysis. Bears have been able to succeed in holding the market...

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