The Euro rebounded from an eight-week low against the dollar after European Central Bank President Jean-Claude Trichet yesterday said inflation remains the bank's top priority.
TECH VIEW:
EURO is expected to be on bull note for the day .currency has good support at 1.5340 and holds resistance at 1.5480 levels where breach of the level would test 5510 levels. the trading range is expected between 1.5350-1.5470 levels for the day. the momentum holds strong for the day expecting uptrend for the day. stochastic remains silent which needs further currency movements for the confirmation on the trend.
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