Thursday December 9, 2010 - 06:44:07 GMT
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IKON GROUP - ikonfx.com/
Forex"Forex Price of EUR/USD wants to happy?"
The euro was pressured from the whole situation point of view on Wednesday, and the EUR/USD dropped below the integer gate of 1.3200 once again.
Nevertheless, the data of industry output in the domestic market of Germany was better than the expectation made the forex price gained the support before the opening in the American hours.
The forex price fell back above the 1.3265 slowly with the violent going up way in American hours.
The forex investors can concern about the applicant number of the unemployment insurance of the United States this week, if the data is poorer than the prediction, the energy may be released together with the non-agricultural data, the non-US currencies went up once more.
From the technical analysis point of view, the adjustment closed to end. The quotation began to fight for the long position along with the upside of the green bearish channel. And the long position took over the advantages temporarily.
If the quotation broke through the pressure of the 1.3281, it is indicated that it will approach to the 1.3319 and then choose its direction.
Forex trend analysis based on Ikon forex analyst â€“ Eric
Edited by Sarah
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