EUR/USD - 1.4432 Daily Market Outlook - Dec 29

 @ibtimes
on December 29 2009 3:29 AM

The signal currency penetrate last week's 1.4419 high signals corrective upmove from 1.4218 has resumed and further gain to 1.4440/50 and possibly 1.4480 would be seen, however, near term loss of momentum should cap price well below 1.4350 and bring retreat later.    On the downside, only a breach of 1.4350 would indicate top is made and yield weakness towards 1.4300...

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