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Daily technical analysis of forex market June 28
by admin ·
Now as then the market should be quite disturbed pending the vote on Wednesday or Thursday of the austerity plan by the Greek Parliament. Also, the euro should remain in a range between 4180/70 and 4270/80. Our board of the morning, as yesterday, we remain moderately bullish even if the macd 30 mns is bearish this morning. Our support will come in 4250/20 to retest the resistance of 4295. A passage leads us to this point- above 1.43 with a target area resistors 4320/30. Obviously, the market abuzz with rumors and volatility can be exercised on the rise or fall in a violent way.
But nevertheless, we should stay on over 4220/30 with a bullish macd 4h. The reckless sell 4280/70 with stoploss of 4305 insofar as 4295 is a strong resistance. On the downside, a passage under 4220 is bearish for 4180/70. But still, we should not go under these items.
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