EUR/USD
July 24th, 2008
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EUR/USD was under selling pressure again yesterday and reached the 1.5680/70 support level. Today may be very important day. Ifo numbers are relesed @ 8:00 GMT. Market is expecting 100.5 and if we see reading below 100 Euro bears will have another good reason to sell. Next support is @ 1.5610 and 1.5540. Resistance is @ 1.5760 and 1.5880.
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