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EURUSD OUTLOOK FOR THE WEEK OF MAY 9-13,2011

EURUSD’S  broad outlook remains unchanged as the rise from the January 2011 low of 1.2873 remains active as ONLY a daily open and close below 1.4150 will complete the rise from 1.2873 at last weeks 1.4939 high.  Look for 1.3906-1.4150 zone to support further rise targeting 1.4985 and 1.5151 in the weeks ahead.  For the week ahead, look to sell EURUSD ahead of 1.4600 for 1.4150 target.

  • Posted by adminfx
  • On May 8, 2011
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