Thursday January 17, 2008 - 12:14:14 GMT
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GVI Forex Blog - More Bids Than Stops Below EUR/Usd 1.46?
As posted on¬† GVI
GVI Jay 11:43 GMT January 17, 2008
EUR/$: Extended yeeterday's low by 5 pips and its 2008 low by just 1 pip to 1.4589, suggesting there were more bids than stops resting below 1.46. This creates a double bottom and sets up the 1.4590 area as key support. 20 day mva = 1.4652 today so a focus for the close. On the upside key resistance is not until 1,4765, the daily trendline broken yesterday.
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