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Technical analysis of forex market 19 Jan,2011
by admin ·
Parity is returned to the area resistors 2880/70 after the resumption of negotiations with Greece which resulted in a signal bullish on daily macd. Our council in the morning, 30 mins macd is in a consolidation and economic data that is the French award will be expected at 10:50.
For now, it may be difficult to pass in 2880, however, the pattern gives the impression that it turns around. So 2820 will be our support and the area to buy later. As long as we stay above that level, the price should test the higher return for 2920.
Nevertheless, we will be careful not to get caught up on a higher, which could be a trap buyer.
Vendors will sell with stoploss of 2880/70 and 2895 target 2820.
A passage above 2895 is bullish for 2920.
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