Sunday, December 28, 2008

EURO moves high

The Euro was supported all day above the 1.4000 level as the USD came under pressure with the commodity rally.
EURO R1: 1.4200 S1:1.3970
R2: 1.4240 S2:1.3940
chart pattern indicates the currency to have a bull run for the day. Trading range for the day is expected between 1.4025-1.4190 levels for the day. Stochastic is seen trending up supported by Momentum.

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