Monday, November 21, 2011

EUR/USD Intraday Technical analysis

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EUR/USD Intraday Technical analysis


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  The spot rate approaches to the lower limit of its medium term bullish channel in 1.3490 suggesting a rebound. However a break of these levels would free significant potential and initiate a new trend.
According to previous events, the market indicates a bullish opportunity on the levels of 1.3490 with a 1st objective of 1.3550, then 1.3580. A break in 1.3470 would invalidate this scenario.
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