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EUR - USD 20 APRIL 2009 ( RESULT PROFIT )

The EUR/USD briefly recovered to 1.3000 after bids ahead of 1.2950 discouraged attempts to trigger more stops below 1.2940. Traders say that steady EUR/JPY selling flows are still weighing on the EUR/USD with the cross just above the day"s 128.15 low. Key support for the EUR/USD is found at the 61.8 fibo of the 1.2455/1.3735 move at 1.2945 and a break below that level targets the March 16 low around 1.2835. The EUR/USD trades 1.2995/1.3000.

11PIPS WITH ROKOKSALEM

SELL/SHORT : 1.3055 ET /TP: 1.3044 SL: 50PIP
 

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