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Forex4you Technical Analysis 18 May 2011

Discussion in 'Trading Strategies & Systems' started by forex4you, May 18, 2011.

  1. forex4you

    forex4you New Member

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    EUR/USD: technical analysis
    The move up off the lows is predicted to go higher. There is a cluster of targets around 1.4320 including the count on the 0.001x3 point and figure chart and the 50-day MA. There is a strong possibility the downtrend will resume thereafter with the lows at 1.4050 targeted.

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    Forex | 外匯
    Analysis by: Joaquin Monfort
    Forex4you analyst

    Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
     
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