Thursday, April 10, 2008

EURO STRENGTHENS

TECH FOR THE DAY
EURO is trading well above the fast moving average and chart pattern indicates the currency to be on uptrend. the trading range is expected between 1.5725-1.5830 .the support is seen at 1.5720 and holds resistance at 1.5850 levels. the momentum is trending upwards yet a slight downward correction would be expected as MACD cautions on near term. The currency expected to be on bull note for the day.

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