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#1 10-10-2018 10:43:03

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: the euro's immediate bias is improving on the forex (UOB)

EUR/USD: the euro's immediate bias is improving on the forex (UOB)

     

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


UOB believes that the EUR/USD could still push a little higher on the forex.

"On Tuesday, the EUR/USD broke through strong support at 1.1450 and dropped to 1.1429.

The decline, however, was short-lived and the EUR/USD rebounded quickly and ended that day unchanged.

The underlying tone has improved and the immediate bias is on the rise.

A test of 1.1.1535 would not be surprising, but the next resistance at 1.1560 is probably out of reach.

Support is at 1.1475 followed by 1.1450. The trough at 1.1429 should be strong enough to hold any intraday decline.
"


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

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