Deltastock Daily Fx Analysis

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Published: Tue, 21 Apr 2009 10:01:54 +0200

Deltastock Daily Fx Analysis

April 21, 2009
Current level-1.2921

EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.2951 and 1.3834.

The pair reached our first target at 1.2942 and after brief consolidation we will expect continuation of the downtrend, towards 1.2738 and 1.2578. First resistance on the upside is 1.3092, followed by the crucial 1.3383.

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