ForexPros Daily Analysis April 14, 2011
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Use moving average and bollinger bands to trade forex
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Eur/Usd eyeing new highs again, after the pair found the base around 1.44 region where wave 4) may have already completed. As such, break through the wave 3) highs is expected when gains should accelerate towards wave 5) 1.4550 and 1.4620 targets.
For now important support still stands at the previous wave 4, near 1.4375, if another pull-back occurs.
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