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Day: July 31, 2010
July 312010
Forex Technical Analysis for Week 08/02—08/06
EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: buy. 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 1.2683 1.2779 1.2914 1.3010 1.3145 1.3241 1.3376 GBP/USD 1.5168 1.5288 1.5480 1.5601 1.5793 1.5913 1.6105 USD/JPY 83.36 84.65 85.53 86.82 87.71 89.00 […]
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July 312010
Very Bad Week for US Currency
The US dollar performance was abysmal this week as concern about the slowdown of the US economic growth persists and even the good news weren’t able to weaken the fears. The dollar fell versus all other major currencies this month. The manufacturing sector showed the signs of the weakness and the GDP slumped in the second quarter of 2010. It’s not surprising that the reports show that the consumer sentiment steadily declines. The Americans are also worried […]
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