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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
strong support formed around 4450/60 area.... as long as this level holds... will test next resistance level at 4610/30.... crucial level for bears to hold.... coz break of this level would favor Euro moving back up to 4800/30 level...
below 4436.... will be back to range trading and see Euro drop to 4290/4300 initially then possibly test 4180/4200..... in this case Euro could still go either way.....
for today..... back above 4491 would see Euro test 4540 resistance... above 4553 would see Euro move higher toward 4610/30....
gl/gt
yesterday as the news came in and mintues later Italian stocks faltered triggered by banks.
Of course S&P is right the bailout plan for Greece is a default.
And more to the point Moody's now said 10% of Chinese GDP is bad debt or trivially put
hot air.
Well I tell you thsi: not 10% but close to 100% of Greece Portugal Ireland GDP is bad debt!
gl USD permabears and EUR permabulls you are dead wrong.
there u go
try this
u jus dunna haf da funk wit e