ForexSQ - EUR/USD Analysis-June 01,2011

ForexSQ

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Jan 11, 2011
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EURUSD broke trend line and now back trend line toward 1.4691 which 74.6% of 1.4939 to 1.3967, 61.8% (1.4567). If EURUSD will reverse from 1.4567-1.4691 area, extension is 1.3710-1.3374 area on long term. In EURUSD minor resistance is at 1.4456 break of this resistance next target will be 1.4567 on intraday. On the otherway down side break of 1.4337 support next target will be 1.4214 on intraday. EURUSD break of 1.4567 strong resistance possible further move up side toward 1.4691 resistance...For latest Forex News Please click on link below :

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