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EUR/USD

Posted by Svetlin on Jun 14, 2011 in Forex Analysis | 0 comments

Despite the news that Greece has the lowest credit rating in the world, the Euro managed to rally against the USD. Obviously the market participants know very well that Greece will default on its debt obligations and old news is no news. range trading is expected ahead.Support is at 1.4305, 1.4205, 1.4065. Resistance is at 1.4450, 1.4555, 1.4695, 1.4750, 1.4940.

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