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Technicals

EURUSD formed a short term cycle bottom at 1.5284

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11 May 2008 @ 09:32 pm EST
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EURUSD formed a short term cycle bottom at 1.5284 on 4-hour chart. Further rise to test 1.5594 resistance is possible in a couple of days, and a break of this level will indicate that the down trend from 1.6019 has completed.

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