Wednesday, August 17, 2011

Intraday EUR/USD 17.8.2011

Intraday EUR/USD: the pair has rebounded on its support and should post a further advance as the RSI is well directed. Suggests long positions above 1.4350, with targets at 1.4450 and 1.4480. The downside penetration of 1.4350 will call for a slide towards 1.4310 and 1.4275.

Weekly chart EUR/USD trend: Bullish

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