EUR/USD
July 23rd, 2008
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Yesterday the US Dollar was in demand against all major currencies. Weaker oil and hawkish comments form FED were the main drivers of the move. EUR/USD broke and closed below the uptrend line from mid June and the downside is favored now. Support is @ 1.5750/40 and 1.5680. Resistance is @ 1.5875 and 1.5945.
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