E-Forex - The Euro depreciated vs the US dollar last week, losing 200 points by retracing into the mid 1.46 area on Friday. Support is now formed by 1.4655 backed by 1.4630 and 1.4600. Resistance starts at 1.4710 followed by 1.4730 and 1.4790. Momentum is negative on the daily charts, hourly studies being bullish at the time of this writing.
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