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EURUSD Outlook for the Week of April 18-22, 2011

EURUSD’s broad outlook remains bid as the rise from 1.2873 continues to unfold with 1.4613,  1.4818,  1.4985 and 1.5151 as the upside targets into the weeks ahead.  As to the downside,   a daily open and close below 1.3890 will complete the rise from 1.2873  and suggest further price consolidation before another attempt to the upside.  ONLY below 1.3696 while 1.4519 caps will turn the outlook to neutral.  For the week ahead,  look  for bids within the 1.3966-1.4097 zone to support further rise initially targeting 1.4613.

  • Posted by adminfx
  • On April 17, 2011
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