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The daily trend remains bullish ,The target is 1.4750 at previous resistance level

By:

Finotec

20-11-2007

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The daily trend remains bullish

The target is 1.4750 at previous resistance level

Technical oscillators that supporting the bullish tendency are:

MACD moving averages above the zero line and pointing upwards.

RSI stand on 54.37% and pointing up to over bought area.

Moving averages of 10 and 20 days, the shorter line crossing upward.

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Next Analysis: The daily trend is bearish but correction expected, The target is 2.0620 at previous resistance level

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Finotec
Derivative and forex trading broker Finotec is a division of leading real-time Internet trading company Finotec Trading Inc, which pioneered the world of online forex trading in 1998. After launching our revolutionary forex online trading platform in 2001, we continued to improve our services and no

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