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EUR - USD 12 NOV 2009 ( PROFIT )

We have important news coming up TODAY, including US Unemployment claims.

Any bad or good news may push the currency pair accordingly.

While on the weekly chart we remain bullish, i am hesitant due to the strong resistance of 1.5060-80+ and the 1100 line for the S&P 500.

A failure to overcome this may encourage the bears to commence attacks on 1.5000 and after which the 1.4967+ area.

Volume may be thin after London’s closure as there is a bank holiday in US.


11PIPS WITH ROKOKSALEM

BUY : 1.4987 ET /TP: 1.4998 SL: 50PIP

 

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