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Majors for today

Posted on July 08, 2008

Eur/Usd is right now at 1.5735, with bullish signals in 4 hours charts, breaking a descendant trend line; however the pair needs to break above 1.5760 to continue running higher, first to the zone around 1.5790 and finally 1.5810. Supports from here will be 1.5715 (pullback to the mentioned trend line), the zone around 1.5680 and finally 1.5654. GBP/Usd quotes at 1.9770 with no clear signs coming from indicators, as the pair is moving sideways. Above 1.9800, the pair could gain some bullish momentum, first to the strong zone around 1.9830/40 that if broken, will take the pair to 1.9885...

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