EUR/USD
August 20th, 2008
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Yesterday we saw the first white candle for the last few weeks. If this is the start of a correction or just a one-day event we’ll see soon. Key level for the move up is 1.4815/20. If the market breaks above it next upside target is 1.4980. Even a move towards 1.5145 is possible but more troubles in the US financial sector are needed to support it. On the downside the first level is 1.4630 then 1.4530.
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