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Day: July 23, 2011
July 232011
Forex Technical Analysis for Week 07/25—07/29
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3678 1.3845 1.4101 1.4268 1.4524 1.4691 1.4947 GBP/USD 1.5756 1.5880 1.6089 1.6213 1.6422 1.6546 1.6755 USD/JPY 76.95 77.58 78.05 78.68 79.15 79.78 80.25 EUR/JPY 108.17 109.41 111.08 112.32 113.99 115.23 116.90 GBP/JPY 125.18 125.91 126.93 127.66 128.68 […]
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July 232011
Euro Posts Weekly Gain After Two Weeks of Losses
This week was “a mixed blessing” for the euro. For the most part, the currency showed a good performance as worries about the debt crisis subsided, but by the end of the week concerns returned. The summit of the European Union leaders caused optimism among Forex traders, who anticipated some cohesive plan for dealing with the sovereign-debt crisis. The summit ended, a plan was presented, but traders didn’t look very happy about the outcome. Surely, some […]
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