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#1 28-06-2018 08:42:50

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: the euro decline could once again slow down around 1.15 (UOB)

EUR/USD: the euro decline could once again slow down around 1.15 (UOB)

     

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


UOB believes that the EUR/USD decline could once again stop in the 1.15 zone.

"The EUR/USD relapsed yesterday, marking a low at 1.1539. The solid drop seems incomplete, but in light of oversold conditions, any drop could be stopped by the low of last week near 1.1505/10 (minor support is at 1.1530).

Resistance is at 1.1590, but only a break above 1.1620 would indicate that the current decline has stabilised.
"


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

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