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#1 08-09-2017 07:29:13

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: the euro's rise on the forex today should be limited (UOB)

EUR/USD: the euro's rise on the forex today should be limited (UOB)

     

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


UOB believes that the EUR/USD will not manage to rise much higher on the forex today.

"In view of current overbought conditions, a sustained move above the previous peak around 1.2070 seems unlikely (next resistance level is at 1.2100).

Downward, a support level is present at 1.2000 but only a move under 1.1970 would indicate that a temporary top is in place."


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

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