EUR/USD 1.3730 is next
October 11th, 2010
As expected on previous updated, EUR/USD extend the slide to the 1.3775 price zone before rebounding to the upside currently around 1.3815 price zone; immediate resistance comes at 1.3835 past Friday low. If above, 1.3880/90 area could be retested yet should keep the upside limited, as 4 hours chart holds a strong bearish tone. Break/acceleration under today’s low, should lead to another round of sell off towards the 1.3730 price zone.
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