EUR/USD
September 25th, 2008
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Financial markets are waiting for the negotiations on shaping of the $700bln bailout plan. Rep Barney Frank, in BBG, says rescue bill will likely be passed by Monday, and in less than a week a bill will be signed. Until the effect of the plan is clear the markets will remain choppy and volatile. Stay aside or trade with tight stops. Support is 1.4600 and 1.4550. Resistance is 1.4750 and 1.4865.
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