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Chart of the day EUR/USD

Posted on 01 July 2009 by Forex Trends

EURUSD gone back where they were before and that is neutral position, no trend yet. Bulls were not able to keep up their strength and they had to surrender against bears by sharp move down. For now we might expect to see another break of resistance line, however waiting is better solution now to take. In a long term bulls are climbing up but not as confident as they should be.

TA.EURUSD 2009-07-01 TA.pdf

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