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Friday, 19 October 2007

iForex.bg

EUR/USD 1.4293 - 19 October
EUR/USD Open 1.4294 High 1.4298 Low 1.4181 Close 1.4238

Yesterday the Euro rushed upwards again, and managed to get out of the range in which it was trading for the last five days reaching 1.4301. The upward trend remains for today if the currency couple breaks the absolute top from 1 October 1.4297, to continue climbing. Next resistance is 1.4345. If the upward impulse loses its strength, first support is expected at the 1.4244, followed by the 21 day MA 1.4152, and the 23.5% Fibonacci 1.4072, of the last climb 1.3360 - 1.4279, followed by the psychological 1.4010.
Technical resistance levels: 1.4297 1.4345 1.4400
Technical support levels: 1.4244 1.4152 1.4072

Trading range: 1.4280 - 1.4355
Trend: Upward
Buy at 1.4293 SL 1.4263 TP 1.4343