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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
this how we roll..stateside
only break and close below 8620 level risks further drop to 8400 level...
as long as 8620/30 level holds... next big move will be to the upside with 9000 initial target enroute to 9100/9150 level...
i see it moving higher.... once it clears 8820 level... we'll likely see 9100/9150 in coming weeks....
looking at the 2 pairs separately.... i see a lot of potential for Euro moving much higher... while GBP has a very strong resistance around 6500 level...
unless GBP settles above 6500 level... i expect more sideways trade with risk of dipping below 5950 level....