The Euro weakened against the dollar on speculation declines in German business confidence will discourage the European Central Bank from raising interest rates.
TECH VIEW 25.08.08
EURO R1: 1.4860 S1: 1.4650
R2: 1.4880 S2:1.4610
Euro is expected to give a bear move for the day. Trading range for the day is expected between 1.4690-1.4840 levels for the day. Stochastic lies in oversold area thereby taking the currency in bear note. Momentum remains in neutral territory.
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