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EURUSD--Tuesday, May 19. 2009

090519-0705-eur4hr.gif
Hit some well tested resistance this morning around 1.3650-1.3660 (a minor Fibonacci level). This level formed the "shoulders" of a head and shoulders pattern last week. The odds are that this resistance level will not hold this time. Target is 1.3843.

Posted by Pure Guesswork on May 19, 2009 7:14 AM |

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