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EURUSD Below Resistance Level

EURUSD Below Resistance Level

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16 March 2010 4:04 PM GMT

EURUSD Technical Analysis

Bears have declined the price by breaking from a positive channel and slided below resistance barrier at 1.3701. This barrier stands as a significant level which holds bulls movement. Despite this bearish action, bulls still have enough strength to recover and climb above current resistance level. At the moment waiting action remains to confirm bulls strength.

GBPUSD Technical Analysis
GBPUSD bulls did manage to break resistance level at 1.5069 by sharp move. This pair is trying to reach new highs by breaking another barrier at 1.5207. This is significant level can hold bulls movement from further climbing. At the moment a formation of low trading range is expected, waiting action remains for now with short term buying possibilities.

Currency Pairs

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Live FX Rates

Symbol	Change	High	Low

EUR/USD	0.0074	1.2623	1.2562
AUD/USD	0.0112	0.9879	0.9799
EUR/GBP	0.0028	0.8036	0.801
EUR/JPY	0.25	100.21	99.81
GBP/USD	0.0044	1.5716	1.5678
USD/CAD	-0.0055	1.0271	1.0238
USD/CHF	-0.0048	0.957	0.9532
USD/JPY	-0.3	79.73	79.35

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