Eur/Usd firmly above 100 hour M/A

Written December 1, 2009 at 4:00 AM EST by  

Eur/Usd is trading firmly above its 100 hour M/A of 1.5020. If the pair sees some pullback this will now act as a good level of support. Resistance should be at the 1.5085-90 , with next level being Nov. 25 high of 1.5144.

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