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Monday, October 17, 2011

EUR/USD Weekly Forecast For October 17th - 21st / 2011


Forecast

Arief Makmur




DESCRIPTION :

Last week the EUR/USD tried to test the dynamic resistance Simple Moving avarage (10) at the 1.3896 level; if next week the currency is successfully continuing its movement toward and above level 1.3896, then 1.4040 Fibonacci Resistance 50% will be the next destination for EUR/USD. Conversely, if it turns out that next week EUR/USD reverses course to the level 1.3684 then 1.3650 would be the primary target and 1.3625 and 1.3600 will be the next targets.
http://instaforex.com/forex_analysis/41585/?x=OUE
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