EUR/USD
September 11th, 2008
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New low for the downmove in EUR/USD. The market is extremely oversold but the bears rule and no bottom is visible. The nearest support is @ 1.3850 and it is previous high on weekly charts. A correction is due but if oil breaks below $100 it may be almost impossible. Trade carefully and always place stops in both direction. Resistance is @ 1.4045 and 1.4180.
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