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Monday 04.25.2005

Added on 04/25 at 06:00 GMT
EURUSD


The slip below 1.306 during the Asian session is probably part of the retracement to the 1.29 area and it is not the right time yet for a new test at 1.31. Resistance is seen at 1.3045 now, follwed by 1.306 and 1.309. Support starts at 1.3, backed by 1.296. Current exchange rate is 1.3024.


Trading strategies:


Short at 1.3045, stop at 1.3075, target at 1.299.


GBPUSD


Support was found at 1.91 and it is follwed by 1.9065. Resistance is seen at 1.917. Current exchange rate is 1.9117.


Trading strategies:


Long at market, stop at 1.908, target at 1.9163

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