November 11, 2009
Current level-1.5034
EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523.
The consolidation below 1.5022 has ended at 1.4937 low and the uptrend is renewed towards 1.5124. Crucial on the downside is 1.4970.
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