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Day: June 19, 2010
June 192010
Bad Week for Dollar as U.S. Economy Showed Signs of Weakness
This week was rather frustrating for the U.S. currency, which dropped versus most other major currencies, as the confidence about the U.S. economic growth was damaged by the signs of the economic recovery’s weakness. The euro rebounded after the previous losses against the dollar steadily, even though it experienced slight decline on Wednesday and Friday. The moves against the Great Britain pound were significantly more volatile, yet the week ended in losses for the greenback […]
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June 192010
Forex Technical Analysis for Week 06/21—06/25
EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: sell. EUR/JPY trend: sell. GBP/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.1885 1.2000 1.2186 1.2301 1.2487 1.2602 1.2788 GBP/USD 1.4281 1.4414 1.4618 1.4751 1.4955 1.5088 1.5292 USD/JPY 88.44 89.44 90.09 91.09 91.74 92.74 […]
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