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Nov 23, 2007

Technical Analysis Daily: EUR/USD

EUR/USD 1.4915

EUR/USD Open 1.4852 High 1.4965 Low 1.4823 Close 1.4906

The Euro convincingly broke the next resistance 1.4955 this morning, but remained under it. The break proves the negative US Dollar sentiment, and the next resistances of the Euro are expected at 1.5000 and 1.5060. In downward direction support is expected at 1.4850, followed by 1.4790, and 1.4730.

Technical resistance levels: 1.4955 1.5000 1.5060
Technical support levels: 1.4850 1.4790 1.4730

Trading range: 1.4905 - 1.4975

Trend: Upward

Buy at 1.4915 SL 1.4885 TP 1.4965

yesterday we made +6 pips profit on EUR/USD from the following signal:

6:10 GMT Buy EUR/USD at 1.4858 SL 1.4832 TP 1.4908 exited at 6:19 GMT

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