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EUR/USD - The daily trend remains bearish

By:

Finotec

2007-10-12

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The first target is 1.4630 at previous resistance level. Second at 1.4585$
Significant resistance at 1.4720

To strength our analysis we will use the following technical indicators:

MACD above the zero line start bearish cross and pointing downwards.

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

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