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EUR/USD - Reversal lacks momentum
• EUR/USD has not challenged hourly resistance at 1.3833 (15/04/2014 high), suggesting a period of sideways trending. A test of the resistance at 1.3162 (28/02/2013 is still likely. An hourly support is at 1.3800 (15/04/2014 low). Failure to find support here, will warn of a larger downside corrective phase to1.3673. • In the longer term, EUR/USD is still in a dominate uptrend, suggesting additional upside can be anticipated. A significant resistance now lies at 1.3876 (24/03/2014 high). • GBP/USD is looking to breach the hourly resistance area between 1.6750 (15/04/2014 high). A break above would validated a ... (full story)
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- cadsupertrad
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- PaulAmbrose
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