Wednesday, 8 February 2012

EURO suddenly is back to being a favorite....

EURO amidst fears for the european debt crisis has managed to rise from the triple bottom at 1.2650 area and is poised to move towards the upper pitchfork resistance at 1.34-1.35 area. 1.3025 and 1.32 are important supports that should hold. The break of 1.3225 yesterday gives a target of at least 1.3350 before buyers are tested.

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