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EUR/USD

Posted by on Aug 11, 2011 in Forex Analysis | 0 comments

Trading in the forex market is still very volatile while the liquidity is lower. The daily chart looks messy. S&P announced that the fiscal flows in France are better than in US and its AAA credit rating is stable. Stocks were down again and the gold set new record.

Don’t try to open longer term position. Daytrading is the best strategy these days. Always use stops.

Support is at 1.4015, 1.3950, 1.3840/35. Resistance is at 1.4455, 1.4535, 1.4580, 1.4700, 1.4750, 1.4940.

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