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Tuesday, January 20, 2009

Market Commentary / Analysis for August 28th 2008


EUR/USD

Low volume day today! Support from the current level of 1.4704 is seen at 1.4630 and resistance is today’s high at the 1.4800 zone. If support is broken we could see 1.4450-1.45 reached. If resistance is cleared then another test at 1.49 could be possible. If 1.49 – 1.5 is broken then there would be no surprise if 1.53 is touched.

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