EURUSD

Quoting BoredToLoose

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GO Long at 1.5500 to 1.5540 SL 1.5471
GO Long at 1.5440 to 1.5480 SL 1.5425
GO Short at 1.5427 to 1.5380 SL 1.5463

Be Smart, do not enter at this levels in the next Hour, be patient, let price to calm down!

GL

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Quoting Warren Forex

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After the BOE announcement at 7:00 AM EST and the ECB announcement at 7:45 AM EST, if there is no surprises there might be some shorts covering in front of Trichet in that he is usually on the hawkish side. Also as New York traders come on board will there bias be tp go long EUR/USD ?

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Quoting piptechnician

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I'm sure just a typo but it does make me wonder about time travel.

Time traveler from the future perhaps. LOL Better look at the date.

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Quoting Warren Forex

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http://event.netvision.de/basic_disp...7_stream_video

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Quoting acumen

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BCC says UK edging closer to recession, urges BoE to lower rates
LONDON (Thomson Financial) - The British Chambers of Commerce believes the UK economy is edging closer to a recession, even as the Bank of England kept interest rates unchanged for the fourth month running Thursday.

The business lobby called on the 9-strong rate setting Monetary Policy Committee to lower interest rates to prop up the economy and argued that inflationary pressures are likely to recede over the coming months.

'The Monetary Policy Committee (MPC) cannot ignore the fact that recession threats have worsened. While the near-term rise in inflation is unavoidable, it is also temporary as weaker growth would clearly push down inflation sharply next year. Limiting the threat of a major recession must be the priority,' said David Kern, economic adviser to the British Chambers of Commerce.

'As soon as inflation peaks later in the year, the MPC should start cutting interest rates without delay,' he added.

Still, Kern acknowledged the challenges faced by the central bank.

'The MPC's decision today was expected almost unanimously and British business is not surprised. We understand the MPCs desire to maintain credibility in the face of an expected upturn in inflation,' he added.

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Quoting indotrader

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please breach the res please breach the res

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Quoting Shadowfx

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Trichet...Neutral..Not very Hawkish...weakening outlook...down we go...

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Quoting freetrader

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If we penetrate the 1.5492 (projected daily high range) level the next level of resistance is at 1.5563(less probable high range), however a pullback off resistance puts us at 1.5374 (significantly probable low) for our first speed bump and on toward 1.5327 (highly significant probable daily low) .

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Quoting Warren Forex

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http://event.netvision.de/basic_disp...7_stream_video

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Quoting mrmunir

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what about trichet speech guys?less hawkish?

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