FOREX MARKET OUTLOOK.
FOREX MARKET RECAP for EURO, DOLLAR INDEX and GOLD.
EURO
The euro is testing short-term resistance at $1.48; breakout is likely and would signal an advance to $1.50. Reversal below $1.44 is unlikely, but would warn of trend weakness — as would penetration of the rising trendline. In the long term, breakout above $1.50 would signal an advance to the 2008 high of $1.60.
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FOREX MARKET OUTLOOK | FOREX MARKET RECAP for EURO, DOLLAR INDEX and GOLD
FOREX TRADE ALERTS and FOREX MARKET DIRECTION
for SEVEN CURRENCY PAIRS.
EUR/JPY
Produced: Friday, February 06, 2009.
Place a buy stop to buy 1 unit if price rises to 119.556 or higher.
Place a sell stop to sell 1 unit if price falls to 113.131 or lower.
Green Line Short Exit Strategy: Close all short positions on close if price rises to 116.23.
AUD/NZD
Produced: Friday, February 06, 2009.
Place a buy stop to buy 1 unit if price rises to 1.2799.
Green Line Long Exit Strategy: Close all long positions on close if price falls to 1.255.
(No Short orders.)
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FOREX TREADE ALERTS | FOREX MARKET OUTLOOK
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