Euro (EUR) had a volatile day testing new multi month highs at the start of the European session before the strong US data and hawkish US comments weighed heavy on the single currency, encouraging a test of the downside. Looking ahead for French Industrial Production fore casted at 0.3%.
tech for the day(10.06.2008)
tech for the day(10.06.2008)
EURO is expected to be on mixed note for the day. With the trading range expected between 1.5520-1.5700 levels. the support for the currency is seen at 1.5480 levels and holds resistance at 1.5730 levels for the day. stochastic and momentum remains flat waiting for further clues from market. But moving averages are giving bullish crossovers which is supported by parabolic
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