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iFOREX.bg EUR/USD Technical Analysis 2 September 2008

Published 09/01/2008, 09:27 PM
Updated 01/01/2017, 02:20 AM
EUR/USD 1.4597 - 2 September
EUR/USD Open 1.4669 High 1.4717 Low 1.4560 Close 1.4574

The Euro continued descending significantly yesterday against the US Dollar from Monday's top 1.4717 to the bottom 1.4560, which are the first resistance and support levels respectively for the currency couple today. If the negative trend is renewed as we expect for today, next support is expected at 1.4500, followed by 1.4425. In upward direction next resistance for today is expected at 1.4770, the break of which would lead to next target 1.4835.
Technical resistance levels: 1.4715 1.4770 1.4835
Technical support levels: 1.4560 1.4500 1.4425

Trading range: 1.4610 - 1.4545
Trend: Downward
Sell at 1.4597 SL 1.4627 TP 1.4557


Yesterday we made +7 pips profit on EUR/USD from the following signal:
6:00 GMT+1 Sell EUR/USD at 1.4635 SL 1.4661 TP 1.4585 exited 6:22 GMT+1
Total yesterday +151, as shown in details at our web site.

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