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iFOREX.bg EUR/USD Technical Analysis 5 September 2008

Published 09/04/2008, 09:35 PM
Updated 01/01/2017, 02:20 AM
EUR/USD 1.4317 - 5 September
EUR/USD Open 1.4669 High 1.4546 Low 1.4226 Close 1.4260

The Euro continued descending significantly yesterday against the US Dollar from Thursday's top 1.4546 to the bottom 1.4226, 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 1.4155, followed by 1.4090. In upward direction next resistance for today is expected at 1.4600, the break of which would lead to next target 1.4660.
Technical resistance levels: 1.4545 1.4600 1.4660
Technical support levels: 1.4225 1.4155 1.4090

Trading range: 1.4330 - 1.4265
Trend: Downward
Sell at 1.4317 SL 1.4347 TP 1.4277


Yesterday we made +21 pips profit on EUR/USD from the following signal:
7:08 GMT+1 Sell EUR/USD at 1.4519 SL 1.4545 TP 1.4469 exited 7:55 GMT+1
Total yesterday +127, as shown in details at our web site.

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