Daily FX Technical Analysis 25 April 2012

Amy Forex

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Hi all,

As it was noticed yesterday in our analyzes, the EUR/USD prices reached the 1.3205 level, which represents the resistance level of the downward line.
And any penetration to the highest level of 1.3217 will push the euro to its highest level against the U.S. dollar today and reach the 1.3230-1.3240 area where it will stay stable awaiting news of the day for the meeting of the American Federal Bank.

But any raise of the euro towards the 1.3270/1.3300 level will be considered as temporarily because the general trend of the market is descending.
We draw the attention of our customers to follow up news of the day that could affect the direction of various currency pairs.

chart25.png


Good luck for all ;)
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