| Forex Signals 04.06.2007 |
Headlines: Euro looking bright after slight correction
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Long signal |
Short signal |
| EUR/USD |
Buy a break of resistance level at 1.3475
Buy a break of resistance level at 1.3520
Buy a bounce at 1.3410
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Sell a break of support level at 1.3410
Sell a break of support level at 1.3375
Sell if cannot break the resistance 1.3440
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The Euro may decline to 1.3520 against the dollar over a week, according to technical charts some traders predict the price movements by using many oscillators. The daily chart shows that the EUR/USD recently in an uptrend for long term. The next target for the Euro will be at 1.3700 after couple of weeks. |
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Trends:
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Primary Tendency
The primary tendency remains bullish, started from 27 February 2006
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Secondry Tendency
The pair continues the up trend and reached 1.3678
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Minor Tendency
The Minor trend is in a trading range
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Technical levels:
Resistance:
1.3520
1.3475
Support:
1.3410
1.3375
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