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Publish Date29/11/2012 12:24:48 PM
Last Update29/11/2012 12:44:37 PM
The pair wasn’t able to consolidate above the resistance levels 1.0485 and 1.0505 as seen on the chart. Meanwhile, we cannot confirm returning to negative areas now in light of the possibility of extending CD Leg as referred to earlier. Therefore, we remain neutral.
The trading range for today is among the key support at 1.0385 and key resistance at 1.0565.
The short term trend is to the downside targeting 0.9400 with steady daily closing below 1.0710.
|Recommendation||Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move|
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