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Forex Technical Analyses

29.07.2010 06:36
Technical Summary for Majors
EUR/USD The recent upside failure at 1.3044 has seen a narrow consolidation, ahead of today’s renewed attempt higher. Break above the later is required to resume gains, with 1.3073/93 seen next, ahead of 1.3125 Fibonacci level. Immediate support 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 The latest strength retraced 50% of 1.7041/1.4230 descend at 1.5637 yesterday, with consolidation just below here followed. Fresh push higher is
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