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Watching EURUSD. Looks pressured again

Written April 8, 2009 at 2:19 PM EST by Greg Michalowski 

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The EURUSD has moved below the intraday 100 bar MA on the 5 minute chart.  Look for momentum and following through selling for confirmation.  A move back above 1.3268  would be a stop level.   1.3222 is the target (200 bar moving average - green line in chart above).

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