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Forex Trade Alert for EUR/USD | Sell Signal

Forex Trade Alert for Tuesday May 11, 2010

4xgenie Action: ==>   Remain out of this market!   The CCI is below -100. This Pair EUR/USD is oversold at this time. This trade gained 658 PIPS.

Euro
The euro is headed for a test of long-term support at $1.25, but we could see retracement to resistance at $1.30 in the short term. Declining momentum below zero confirms strong selling pressure. In the long term, failure of support at $1.25 would offer a target of parity.

Next Day Trading Ranges for Tuesday May 11, 2010
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Forex Trade Alert for EUR/USD | Sell Signal

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