EUR/USD
May 30th, 2008
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EUR/USD broker below the 20- and 50 – days Moving averages yesterday. The sell off was acceleretaed by the tumbling oil prices. Euro found support @ 1.5485 and now reserve managers bids are places around this level, while sell stops are building below 1.5480. Offers start from 1.5540/50 up t 1.5600 and the preferred strategy is sell on rallies. Next downside targets are 1.5365 and 1.5285
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