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News & Events
Asian markets traded lower over concerns about Europe’s debt crisis. Reserve bank of Australia said is now expects year average economic growth of 3.0 percent in the last fiscal year ended June compared with 3 percent to 3.5 percent it forecast in August. U.S consumer sentiment and trade balance in the UK are the major market-movers. In the Great Britain -9.1 billion is due now from -9.8 billion and later in the US mo change is due for consumer sentiment
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Technical Analysis |
|
Currency Pair |
EUR/USD |
GBP/USD |
EUR/GBP |
USD/JPY |
EUR/JPY |
EUR/CHF |
DOW |
|
Resistance |
2 |
1.2905 |
1.6100 |
0.8070 |
81.55 |
103.00 |
1.2175 |
13300 |
|
Resistance |
1 |
1.2825 |
1.6025 |
0.8025 |
80.40 |
102.20 |
1.2110 |
12950 |
|
Market |
|
1.2775 |
1.6005 |
0.7980 |
79.55 |
101.65 |
1.2060 |
12800 |
|
Support |
1 |
1.2715 |
1.5965 |
0.7965 |
79.15 |
101.55 |
1.2055 |
12650 |
|
Support |
2 |
1.2665 |
1.5880 |
0.7905 |
78.80 |
100.90 |
1.2005 |
12500 |
Trade Idea
EURUSD
Looking at the 4H chart, resistance remains at 1.2825. On the downside a break and close below 1.2715 targets 1.2640 level
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Disclaimer • Risk Warning
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