EUR/USD
March 30th, 2008
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Two days relatively calm market after two days of 250 pips ranges. The trend is still up but the speculators are aware of CBs joint intervention. Technical indicators are pointing higher but the Stochastichs is sending some warning signs. Probably the pain threshold is 1.60+. Don’t leave long EUR positions without stop. Support is @ 1.5725 and 1.5660. Resistance is @ 1.5858 and 1.5905.
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