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Friday 04.22.2005

EURUSD

The key level at 1.307 was breached on yesterday from the upside, becoming a strong resistance again. Support is seen in the 1.302 area followed by some good levels in the 1.29-1.3 range, especially at 1.2906. A new test of 1.307 is possible a bit later. Current exchange rate is 1.3034

Trading strategies:

Long at 1.3021, stop at 1.2989, target at 1.3068.

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