Monday, August 3, 2009

EURUSD Technical Analysis August 3rd

http://www.ecu.edu/cs-admin/financial_serv/images/Money_Coins.jpg

EURUSD has formed resistance at 1.42864 and support 1.41441 price levels. The resistance line is very important now, because it has reached once more this level. In a long run bulls still have lots of strength, they managed to push up back prices to the important level. If this level can be broken sharply, a long term positive trend can begin where prices can climb up even to the 1.45595


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