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Day: April 10, 2010
April 102010
Euro: Will Optimism About Rescue Plan for Greece Persist?
The euro halted its downfall this week, which was caused by the concern about the Greece’s ability to deal with its budget deficit, amid the optimism caused by the announcement about the possible European Union government and the International Monetary Fund intervention to rescue Greece, but this optimistic outlook can be cut shot by the German resistance to the bailout plan. Germany denies rationality to offer the loan at the below-market rates to Greece, insisting that […]
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April 102010
Forex Technical Analysis for Week 04/1204/16
EUR/USD trend: hold. GBP/USD trend: sell. USD/JPY trend: sell. EUR/JPY trend: hold. GBP/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3085 1.3184 1.3341 1.3439 1.3596 1.3695 1.3851 GBP/USD 1.4934 1.5031 1.5197 1.5294 1.5459 1.5557 1.5722 USD/JPY 90.59 91.71 92.43 93.55 94.27 95.39 […]
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