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Thursday, May 5, 2011

Daily Forex Analysis – May 2, 2011

Forex Analysis This post by ForexCycle.com has been reprinted from Forex Market Analysis.Comments (0)

EURUSD Analysis. EURUSD may be forming a cycle top at 1.4881 level on 4-hour chart. Range trading between 1.4700 and 1.4881 would likely be seen in a couple of days. However, the price action from 1.4881 is treated as minor consolidation of uptrend from 1.4157, as long as 1.4700 support holds, uptrend could be expected [...]


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