Monday 7 May 2012
FOREX CHART ANALYSIS FOR 7/5/12 BY ADELEKE ADEWALE
EUR/USD formed a counter trend pin that doubled as false break of
support around 1.3000 zone.Initially this market has been in a range
condition, ranging between 1.3284 to 1.3000.We see this market resuming
the ranging version because of the formation of a false break bullish
candle.The breaking of the closing price o f this pin may give room for
higher price
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