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Back Technical Technical Analysis GBP/JPY EUR/USD EUR/USD Intraday Technical Analysis - September 6, 2011
Tuesday, 06 September 2011 23:39

EUR/USD Intraday Technical Analysis - September 6, 2011

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The spot rate has bounced on the lower limit of its medium-term bearish channel in 1.4130 and approach to the intermediate resistanceof this one. A break of these levels would allow it to reach the upper limit of its channel to 1.4200.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4130 with a 1st objective of 1.4200, then 1.4220. A break in 1.4110 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011

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