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EURUSD

EURUSD is testing the key resistance at 1.2878. Up trend will resume after break above this resistance. If the resistance holds, the pair would move lower to wards 1.2754 to reach the next cycle bottom before the resumption of the up trend. Key support is at 1.2754, as long as the key support holds, EURUSD is treated as in correction to the up trend and rise above 1.2978 is possible after this correction. (more…)

Subscribe our Short Term Analysis at $19.95/mo.
You can subscribe our Short Term Analysis at $19.95 per month before the end of September 2006.

EURUSD

EURUSD is forming a side ways consolidation in a range between 1.2695 and 1.2937. Up trend will resume after this consolidation. Key resistance is at 1.2878, break above this level may signal the resumption of the up trend. Key support is now at 1.2754, only break below this level may signal the reversal to the up trend. (more…)

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GBPUSD

GBPUSD is in up trend. Further rise towards 1.9142 previous high is possible in the next several days. Near term support is the bottom of the price channel, and the key support is at 1.8897, only break below the key support can signal the reversal to the up trend.

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