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Daily Analysis EURO

By:

iForex

2009-06-01

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EUR/USD opened up at $1.3644 and seemed to steadily fall for the next hour to $1.3570. A steady climb took the pair to a high of $1.3517 at about 4am GMT. A severe correction over the next hour caused EUR/USD to go to $1.3508. Again we see ‘mirroring’ in the trade then again slowly strengthening to $1.3560 where it again corrected sharply back down to $1.3410.

Support:	1.3400,	1.3350,	1.3300
Resistance:	1.3630,	1.3700,	1.3800

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iFOREX is an international group of Forex companies founded in 1996 by a group of bankers and Forex dealers. In 2004, with an existing wide client base numbering in the thousands, our multilingual internet-based trading platform was launched. Since then, iFOREX has expanded its client base to tens ...

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