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Week of August 11,2008-Update

We have just witnessed a push lower in the EURUSD and a broadly firmer US dollar as we are anticipating a potential sell confirmation on EURUSD at 14:00 GMT. If confirmed, the initial stop loss will be 1.5025 for 1.4671 initial target, with entry likely to occur within the 1.4965-1.4980 zone, assuming a close below 1.4970 at 14:00 GMT.

  • Posted by adminfx
  • On August 11, 2008
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