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Old 10-29-2009, 02:49 PM   #1 (permalink)
LFX
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Join Date: Mar 2009
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Post EUR/USD - displaying upward momentum

�� Daily studies displaying EUR/USD upward momentum after issuing a buy signal in May.

�� Accompanied by a bullish trend reversal above 1.3380 in May as well.

�� Favors an extension to the resistance trendline at 1.5195.

�� Monthly close above this level would add to upward price momentum and target 1.5559.

�� Double top at 1.6020 serves as tertiary resistance level.

�� Support at 1.4463 and 1.4055 expected to attract long-term buying interest now.

��Price targets are located at 1.5475, followed by 1.5900.

�� Place stops below 1.3750 on a monthly closing basis.


Last edited by LFX; 10-29-2009 at 02:57 PM.
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