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Forex4you Technical Analysis 21 April 2011

Discussion in 'Technical Analysis' started by forex4you, Apr 21, 2011.

  1. forex4you

    forex4you New Member

    Jul 13, 2010
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    EUR/USD: technical analysis
    The EUR/USD pair is in a steady uptrend and it will probably continue rising. The count on the chart below is 1.5285 but there is resistance at 1.4850 and heavier resistance at 1.5100 so these are probably more realistic targets. The counts on the larger 3 x 0.005 box chart have already been met so the more muted outlook longer term puts a slight break on excessively bullish expectations.


    Forex broker | Forex
    Analysis by: Joaquin Monfort
    Forex4you analyst

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