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MoneyMakerGroup _ Archives _ ActionForex Reports - Trade Idea: EUR/USD - Buy at 1.3485

Posted by: MMG News Apr 13 2010, 12:19 AM

Failure to extend intra-day rebound from 1.3555 and euro’s retreat after faltering below the Tenkan-Sen suggest further consolidation would take place and retracement to 1.3535 (38.2% Fibonacci retracement of 1.3282 to 1.3692) is likely, below would bring correction to the Kijun-Sen (now at 1.3487, this is also the 50% Fibonacci...