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EUR/USD: The Euro falls below 1.3400; potential double top at 1.3435

FXstreet.com (Barcelona) ? The Euro has been rejected at 1.3435 intra-day low and the pair has lost about 80 pips so far, dropping to levels below 1.3400 and approaching intra-day llow at 1.3325.Valeria Bednarik, collaborator at FXstreet.com advances the possibility of a Double-top at 1.3435: ?Probable double roof formation in the hourly chart, 1.3340 zone is holding the upside. Both momentum and RSI point for further rises in the pair that also remains above 20 SMA. Bigger charts are giving

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Forex: USD/JPY keeps falling

FXstreet.com (Córdoba) ? The dollar weakened again to the Yen for second day in a row. USD/JPY is edge toward last week lows at 94.50. The pair has lost today so far 146 pips. Current price at 94.72 represents a fall of 1.30% from the opening price. Dollar started to fall during the Asian session and continued in the same way during the European and the American. The next support zone is located at 94.50 and below 94.00. Yen

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GBP/USD building long-term bottom

FXstreet.com (Jakarta) - The GBP/USD fell after the UK?s budget forecast the deepest contraction in modern times and deflation before a modest recovery in 2010. After breaking its downtrend, the GBP/USD is building a long-term bottom. Today the pair broke the 1.45 handle, currently testing the 1.44 support. If the support is broken, the pair will likely fall to the 1.42-area support. ?However, we believe it will trade in the 1.44-1.50 area,? said Hans Nilsson, analyst at CMS Forex.For more

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GBP/USD; Sterling breaks below 1.4585 support

Fxstreet.com (Jakarta) - GBPUSD breaks below 1.4585 support, suggesting that the uptrend from 1.3654 (Mar 11 low) has completed at 1.5066 level already. Further fall is still possible in a couple of days, and the next target would be at 1.4200-1.4250 zone. ?Initial resistance is at 1.4600 followed by 1.4675, as long as the pair stays below 1.4675 level, the short term downtrend from 1.5066 will continue,? said Franco Shao, an analyst at ForexCycle.com.For more information, read our latest

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Forex: USD/JPY rebounds to 94.40 after reaching 93.95

FXstreet.com (Córdoba) ? Yen rose against the Dollar making USD/JPY fall below 94.00 for the firs time since March. The pair bottom at 93.95 and rebounded to 94.36. Now is testing above those levels attempting to break the resistance zone at 94.40. Dollar continues under pressure across the board. USD/JPY got near March lows at 93.55. Since the start of the day the pair has fallen 0.60%. The fall of today is the third in a row. USD/JPY

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USD will fall further on signs on moderate contraction, says Wachovia

FXstreet.com (Barcelona) - The weak Dollar seems to fall further in the coming weeks on more moderate contraction signs are suggesting that economic recession has left the bottom behind. According to Wachovia the latest moderate declines point to growth later this year and Greenback could decline on growing risk appetite.Last week, USD lost 3.80% against EUR after reaching 1.4050, 4-month high, also against GBP, Cable rose 4.90% in the last week and the pair posted 1.5945, 6-month high.The Wachovia Research

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Us Stock Markets Fell On Monday Resulting In Losses To The “carry Trades” As Caution On Risky Assets Returned

US stock markets fell on Monday resulting in losses to the “Carry trades” as caution on risky assets returnedWhat’s new?United States: Bernanke says early response to bank tests encouraging.United States: Wall Street ended lower Monday with investors taking profits.United States: GM CEO says bankruptcy "more probable".China: 1st case of s

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Euro Free Fall Without Parachute To 1.10???

Euro Free Fall without Parachute to 1.10???The friday the euro broke a very important support line at 1.1864, with a very strong down of more than 150 pips in less of 4 hours. Because of this, the horizontal fluctuation band, or as elliotician call this, a flat, is finished. Then we can say that the down trend is back, and the question is for how l

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Euro Going Down To 1.15???

The first wave down within a (©) leg is complete, being recovery at this moment by (ii) with a target between 0.5 and 0.382 fib zone.http://www.torosyososfx.com.ar/psfree.htm[attachmentid=996]

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Will Euro Begin A New Down Trend?

The wave E was extended as the alternative showed. A strong candle down today is a break of the uptrend with a high in 1.2329. This need to be confirmed with to more waves down, as the active pattern require.Elliott Wave Analysis

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