EUR/USD
August 22nd, 2008
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The correction in EUR/USD continued yesterday helped by the much higher oil and gold prices. The market broke above the 1.4820 resistance and now this level act as support. Next level on the upside is 1.4960/80 and if it is overtaken we could see a rally towards 1.5145/60. The bears should take the pair below 1.4800 for new attempt on 1.4630 and 1.4530.
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