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Old 05-11-2009, 10:26 AM   #1 (permalink)
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Arrow EURUSD breaks strong resistance levels



• Friday's move higher on Friday resulted in an impressive close on EURUSD above very good resistance levels between 1.3464 and 1.3537 (200 dma and trend line resistance levels). The close above the 200-day moving average in particular (now 1.3454) is particularly notable, as it has not been achieved since back in 2006. The last close below took place in August 2008 and thereafter EURUSD fell into the October lows at 1.2329

• This break signals the next leg higher in EURUSD. Major resistance is met at 1.3739 (march 2009 highs) and a move above here would suggest extended gains towards the Dec. 2008 high at 1.4720.
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Old 07-13-2011, 01:22 AM   #2 (permalink)
 
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Old 07-13-2011, 01:25 AM   #3 (permalink)
 
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Old 12-15-2011, 03:01 PM   #4 (permalink)
 
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