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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
chinese officials thought Ezone crisis will not seriously affect export, cuz chinese exportation is day to day consume product, for instance 08 didnt hurt chinese export.
and rumour said, officials believe businessman bluff, cuz they have said no profit have to bankruptcy since 06, but still live.
only break of 3655 confirms move lower to test 3450/3500 support...
but as long as we don't see weekly close below 3500 level... see one more leg higher to test 4300/4350 resistance b4 deciding which way to go...
i expect 3500/4300 range for the rest of the year....
gl/gt
Still, one has to trade what one sees on the chart and not what one thinks ought to happen; i can easily see further upside with some resistance every 100 pips or so (circa 3950, 4050 & 4150)
same reverse correlation usd/chf