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Feb 09, 2012 06:24PM GMT
     
 
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EUR/USD

By   |  Technical Analysis  |  Mar 15, 2009 12:00AM GMT
 
 
EUR/USD ) made some significant gains in the past week, breaking out above a parallel downtrend channel within the context of a general downtrend. The key level to watch for on this pair as we move into the upcoming week of March 16-20 is 1.3000. A further rise to this price region and beyond can still be considered corrective and easily within the bounds of a typical bear market retracement. But any substantial break above this level could be cause for some concern among the long-prevailing EUR/USD bears. If this occurs, the 1.3300 price region is a logical resistance target to the upside. Any turn/reversal at or near the key 1.3000 level, on the other hand, should be a significant bearish signal, and could subsequently target the major 1.2500 support level once again. A strong breakdown below 1.2500 would confirm a bearish trend continuation.
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CFDs Quotes
 SPX 500 Futures1350.45+3.45+0.26%  
 NQ 100 Futures2561.40+16.65+0.65%  
 US 3012912.50+28.55+0.22%  
 DAX6788.80+40.04+0.59%  
 UK 1005895.30+22.54+0.38%  
 Japan 2259002.24-13.35-0.15%  
 US Dollar Index78.62-0.10-0.12%  
CFDs Quotes
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 Silver33.903+0.199+0.59%  
 Copper3.979+0.070+1.78%  
 Crude Oil99.80+1.08+1.10%  
 Natural Gas2.466+0.019+0.76%  
 US Cotton No.291.27-2.35-2.52%  
 US Coffee C215.68-5.15-2.33%  
 
 EUR/USD1.3291+0.0030+0.22%  
 GBP/USD1.5830+0.0011+0.07%  
 USD/JPY77.55+0.51+0.66%  
 USD/CHF0.9110-0.0015-0.16%  
 AUD/USD1.0804+0.0005+0.05%  
 USD/CAD0.9945-0.0015-0.15%  
 EUR/CHF1.2108+0.0008+0.06%  
CFDs Quotes
 Euro Bund137.22-0.49-0.36%  
 Italian Govt. B.104.08+1.83+1.79%  
 Euro BOBL124.51-0.22-0.18%  
 UK Gilt114.64-0.39-0.34%  
 US 2 YR T-Note110.28-0.02-0.02%  
 US 10 YR T-Note130.81-0.22-0.17%  
 US 30 YR T-Bond141.36-0.75-0.53%  

 NamePriceChg.Chg. % 
 
 GBP/JPY122.760.890.73% 
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