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Day: May 22, 2010
May 222010
Euro’s Movement This Week: Sharp Rise After Decline
The euro was weakened in the first half of this week by the concerns for the sovereign-debt crisis in the European Union but was strengthening against most other major currencies over the second half of the week. The movement of the euro against the greenback is good example of this weekly trend as the shared European currency dropped to the lowest level in four years yet managed to rebound by the weekend. Against the Swiss franc the euro was at the stable low level at the beginning […]
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May 222010
Forex Technical Analysis for Week 05/245/28
EUR/USD trend: hold. GBP/USD trend: buy. USD/JPY trend: sell. EUR/JPY trend: hold. GBP/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.1723 1.1933 1.2251 1.2462 1.2780 1.2990 1.3308 GBP/USD 1.3961 1.4095 1.4276 1.4410 1.4590 1.4725 1.4905 USD/JPY 84.29 86.63 88.29 90.63 92.29 94.63 […]
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