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Eur/Usd broke back above the daily line chart neck-line

Written June 23, 2009 at 5:09 PM EST by Edwin Tsui 

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eurusd-4h-6-22-09

Eur/Usd couldn’t stay below the neck line with signals that the Eur/Usd might trade higher and retest the recent highs of 1.4330; from there the next resistance is 1.4720. We might see the Eur/Usd pull back from profit taking and find support on the neck-line and from there rally to make new highs.

Categories: Forex Trading  |  
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