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EURUSD, GBPUSD and NZDUSD daily outlook 11-16-09

posted by Avatar liviuf 1286 days ago in EUR, NZD, Technical made popular 1286 days ago

EURUSD: The euro is grinding higher today, extending Friday’s gains into the 2nd half of the 1.49 area. Both short term and intra-day charts are plotting positive momentum as the euro managed to breach above the 50% retracement level of the down leg from 1.5045 to 1.4820 – at 1.4935 and 61.8% respectively at 1.4960.
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