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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
The strong bids seen suggests the upward momentum has legs to rise further until meeting with resistance at 1.4280/90. Current price sits at 1.4265.
"Key resistance lies around 1.4280, past Thursday high, and 200 EMA in the 4hours chart. Only above this last the pair may finally attempt a break higher, approaching then to the 1.4400 price zone" said Valeria Bednarik, Chief Analyst at FXstreet.com.
aussie is close to china , thats why