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forexchief

Forex MT4"The overall trend of EUR/USD is to go up and to fluctuate"

Discussion in 'Diskusi Forex' started by ikonfx, Feb 18, 2011.

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  1. ikonfx

    ikonfx Banned

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    The market quotations on Wednesday continued to fluctuate, the shape ‘V’ appeared on the K line chart once again.

    The forex price of EUR/USD went up all the time to break the highest point and reached 1.3587 after got away from the lowest point 1.3461. the forex price stood still nearby 1.3570 in the morning session on Thursday, people should concern the CPI of United States in January, if it is lower than the expectation, the forex price has chance to go on increasing.

    In technical, what the investors need is patience. The market quotations on Wednesday fight nearby blue trend line. There is a shape ‘N’ in four hour chart, the forex price broke the support from blue trend line and then came back above it.

    It is predicted that there should be a process of testing red trend line and the position 1.3577 is the key one.
    The predicted resistance may be on 1.3577, 1.3621, 1.3667-74 and 1.3741 while the predicted support level may 1.3501, 1.3482, 1.3410 and 1.3363.

    Forex trend analysis based on forex analyst from Ikon Group– Eric
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