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Forex Technical Analyses

28.07.2010 07:16
Technical Summary for Majors
EUR/USD Near-term structure remains positive, with bull flag completed on Monday projecting further strength. Clearance of yesterday’s high at 1.3044 will extend gains toward 1.3125, 38.2% retracement of 1.5144/1.1875 decline. Immediate support now stands at 1.2965/51 zone. Res: 1.3044, 1.3073, 1.3093, 1.3125 Sup: 1.2965, 1.2951, 1.2925, 1.2888 GBP/USD Continues to trend higher, with lift above 1.5576, previous high, now approaching 1.5635, 50% retracement of 1.7041/1.4230 decline. Break of
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