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News & Events
Nikkei rose to a 21 month high on expectations of aggressive monetary stimulus under new Prime Minister Shinzo Abe. In the United States, President Barack Obama has called congressional leaders to come to the white house today in a last ditch effort to avert the fiscal cliff. Italian 10 year bond Auction and pending home sales in the U.S are the main events for today.
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Technical Analysis |
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Currency Pair |
EUR/USD |
GBP/USD |
EUR/GBP |
USD/JPY |
EUR/JPY |
EUR/CHF |
DOW |
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Resistance |
2 |
1.3310 |
1.6260 |
0.8290 |
87.80 |
115.50 |
1.2175 |
13750 |
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Resistance |
1 |
1.3275 |
1.6200 |
0.8255 |
86.95 |
115.00 |
1.2145 |
13400 |
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Market |
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1.3245 |
1.6120 |
0.8220 |
86.35 |
114.40 |
1.2085 |
13100 |
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Support |
1 |
1.3190 |
1.6105 |
0.8175 |
86.20 |
113.90 |
1.2055 |
13000 |
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Support |
2 |
1.3150 |
1.6085 |
0.8120 |
85.70 |
113.35 |
1.2005 |
12850 |
Trade Idea
EURUSD
Resistance remains at 1.3275 level, a break and close above that level targets 1.3310. Alternative a 4H break below 1.3190 could lead price to 1.3150
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Disclaimer • Risk Warning
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