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Finotec News Archive - May 13 2009

Forex Pairs Daily Analysis

USD/CHF – Market strategy is bearish, selling from the 1.1020 level - Technical oscillators supporting the bearish trend for the USD/CHF currency pair

EUR/USD-market strategy can be a buy from the 1.3675$ level - Technical oscillators supporting the bullish trend for the EUR/USD currency pair

GBP/USD – Market strategy is bullish, buying from the 1.5270$ level - Technical oscillators supporting the bullish trend for the GBP/USD currency pair

USD/JPY – Market strategy is bearish, selling from the 96.50 level - Technical oscillators supporting the bearish trend for the USD/JPY currency pair

Forex Daily Analysis

The Sterling rises against the Dollar as signs the economy is recovering - The British currency also gained versus the euro as the Office for National Statistics said the number of people claiming jobless benefits rose less than forecast

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