EURUSD-13:21 (CET)

20 November 2009 @ 07:54 am EDT

The pair is declining, trading at 1.4824 dollars per euro. The price is getting closer to the support at 1.4807, area of potential rebound. The bands of Bollinger show a volatility of 100 pips in the hour, while the RSI is clearly oversold. If the trend reverts, the next resistance is at 1.4845 dollars per euro, while the target below is 1.4775.

Copyright 2009, Advanced Currency Markets SA, Forex Broker, All Rights Reserved

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