FX Technical Analysis

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03-05-2010, 07:40 AM

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FX Technical Analysis

EURUSD Comment: The cautious squeeze above the top of the downward-sloping 'wedge' was capped by the 26-day moving average yesterday forming a small 'bearish engulfing' candle. Now the Euro is trying to stabilise at the 9-day average and trendline support. Obviously we will hover here as markets wait for a...

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