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Forex Trading: EURUSD back above 1.5651 key level for the day

Posted by Greg Michalowski on Tue, 05/20/2008 - 10:10am in

The EURUSD moved back above the 1.5651 level which is the key level for today.  The price is the 50% retracement level of the last move lower.  It is also the 100 bar moving average on the 4 hour chart. See the earler post by clicking here.

 

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