EUR/USD
September 18th, 2008
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More than 12% rise in gold prices help the EUR/USD to rebound and gain 3 big figures. Market liquidity is thin and everyone with money can choose the direction and magnitude of the move. Probably the upward correction will continue. In these market conditions the best strategy is to stay aside. If you decide to trade you should use stops and take less risk. Support is @ 1.4280 and 1.4070. Resistance is @ 1.4440, 1.4480 and 1.4570.
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