Daily Forex Analysis - Jun 4, 2008
EURUSD Analysis.
EURUSD breaks below 1.5462 previous low support and down trend resumes. Deeper decline to test 1.5284 (May 8 low) is expected in a couple of days. Initial resistance is at the down trend line from 1.5818 to 1.5628 and followed by 1.5628 level. As long as 1.5628 resistance holds, down trend will continue.
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