EUR Trading Outlook (30-05-2013)
TECHNICALS: There has been a definite flattening of the short-term downtrend (see chart) and the failure to consolidate the break below .9580 suggests that we should get a period of consolidation or retracement in coming sessions. Support levels are at .9590 and obviously now at yesterday’s .9530 lows; resistance should be firm at .9700 and .9780 in particular.
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