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Forex4you Technical Analysis 28 April 2011

Discussion in 'Technical Analysis' started by forex4you, Apr 28, 2011.

  1. forex4you

    forex4you New Member

    Jul 13, 2010
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    EUR/USD: technical analysis
    The price continued its growth, like expected, and passed the next target, level 1.4790/80. Having tested a new local maximum at 1.4880, trading is now carried out at 1.4850. Indicators are turned up and give enough reasons to expect further growth. The "bulls" are obviously approaching to the next barrier - 1.4900-1.4950 range, which has already proved to be the first significant barrier on the "bullish" way in autamn 2009. Support 1.4700/1.4650 breakout and fixation below, on the other hand, would suggest the change of sentiment in the market and a reversal of the trend.?


    Forex broker | Forex
    Analysis by: Joaquin Monfort
    Forex4you analyst

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