Wednesday, June 4, 2008

EUR/USD Mid-Day Outlook

EUR/USD's fall from 1.5818 continues today and reaches as low as 1.5525 so far, At this point, further fall is still expected as long as 1.5662 minor resistance holds. Focus is now on 1.5486 cluster support (61.8% retracement of 1.5284 to 1.5818 at 1.5488). As long as this cluster support...



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