EUR/USD Holds The Support, But Intraday Resistance At 1.4793

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EUR/USD Holds The Support, But Intraday Resistance At 1.4793

By Greg Michalowski on September 23, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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The 1.4766 support has held again (low reached 1.4769), but there is upside resistance at the 1.4793 level to get through for the short term bulls. This level corresponds to the 100 bar moving average on the 5 minute chart. The close from yesterday was also at the 1.4791 level. Short term, the downside seems to be favored.

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