01 November 2009

11/2 Forex Technical Analysis Reports (ActionForex.com)

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Daily Technical Analysis
November 1, 2009 at 2:43 pm

The EURUSD failed to continue it's bullish momentum on Friday and now re-testing the trendline support, as you can see in my daily chart below. I see this fact simply as a battle between buyers and sellers around a critical technical point. What is going to happen today, might be...

FX Technical Commentary
November 1, 2009 at 2:20 pm

Euro 1.4730 Initial support at 1.4683 (Oct 29 low) followed by 1.4646 (Oct 6 low). Initial resistance is now located at 1.4859 (Oct 29 high) followed by 1.4927 (Oct 27 high)
 

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