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#1 03-07-2017 08:01:25

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: the euro maintains its upward bias on the forex (UOB)

EUR/USD: the euro maintains an upward bias on the forex (UOB)

     

http://www.forex-central.net/forum/userimages/logo-uob.gif


UOB notes that the EUR/USD is maintaining a constructive tone and could continue its rise on the forex.

"Instead of extending its move above 1.1445, the EUR/USD has retreated. The tone always seems to support the pair and a move above the 1.1445 would not be surprising. However, 1.1475 is another strong resistance level and this level should not let go easily.

The first support level comes at 1.1390, but a stronger threshold follows at 1.1350."


"Anything worth having is worth going for - all the way." - J.R. Ewing

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