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Day: May 29, 2010
May 292010
Forex Technical Analysis for Week 05/3106/04
EUR/USD trend: buy. GBP/USD trend: buy. USD/JPY trend: hold. EUR/JPY trend: buy. GBP/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.1685 1.1919 1.2095 1.2329 1.2504 1.2738 1.2914 GBP/USD 1.3919 1.4089 1.4271 1.4441 1.4623 1.4793 1.4975 USD/JPY 87.59 88.43 89.73 90.57 91.88 92.71 […]
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May 292010
Euro Moves with Volatility This Week
The euro’s movement this week was signified by high volatility as the announcement of China’s government eased concerns, caused by troubles of Spanish banking system, then speculation about the possible ban of naked shorts in Germany brought back the uncertainty. The euro dropped to 1.2370 against the U.S. dollar on Monday and continued its decline before returning to this level again on Thursday, then fell again on Friday. Against the Japanese yen the shared European currency […]
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