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1.3
1.29
1.28
1.27
1.26
1.25
1.24
1.23
1.22
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1.2
1.19
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Comment: Having clambered back up to where we were at the beginning of May it is possible that we will
take a small breather this week. Let’s see if the 9-day moving average helps prop it up as the 26-day one is quite a
lot lower. The Euro is no longer overbought against the dollar but there are a raft of resistance levels between
1.3300 and 1.3800.
Strategy: Attempt longs 1.3155; stop well below 1.3100. First target 1.3230, then 1.3330.
Chart Levels:
Support Resistance Direction of Trade
1.3135 1.3233
1.3119 1.3262
1.3035 1.3334*
1.2980 1.3365
1.2950 1.3420