EURUSD has bottomed on daily chart

Key resistance at 1.2706 is broken above, EURUSD has bottomed at 1.2457 on daily chart. Further rise above 1.2978 (the day high of June 5, 2006) is possible in next several weeks. For long term analysis, EURUSD is bottoming on weekly chart, key resistance is at 1.2978, a break above this level may signal the long term bullish movement, and this bullish movement would last several months.

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This entry was posted on Saturday, July 29th, 2006 at 0:23 and is filed under Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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