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Greg Michalowski

EUR/USD In An Upward Channel

By Greg Michalowski on August 4, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

After this huge rally on the Eur/Usd, will the traders take their profits and push down the Euro back down to 1.4280-1.4340 level? We might see pull back and find some support around those levels and then move higher to retest that high on 12-18-2008 of 1.4719.

eurusd-1h-8-3-09eurusd-daily-6-9-09

Looking at the Daily chart we still see the Eur/Usd in a upward channel look to test the top of that channel.

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1 Comment :
Comment by KMG Subscribed to comments via email
2009-08-03 21:25:45

Hi
what euro going si high,can I know?

kmg

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