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EURUSD, GBPUSD and AUDUSD daily outlook - 11-03-09

posted by Avatar liviuf 1630 days ago in EUR, GBP, Technical made popular 1630 days ago

EURUSD: The euro had another chance to extend its recovery above resistance at 1.4850 on yesterday but it found solid offers ahead of it and retreated back into the mid 1.47s, following the decline in equities. Upside remains slightly favored for now but downside pressure is high as long as 1.4850 is intact.
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