Forex4you Technical Analysis 18 May 2011

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EUR/USD: technical analysis
The move up off the lows is predicted to go higher. There is a cluster of targets around 1.4320 including the count on the 0.001x3 point and figure chart and the 50-day MA. There is a strong possibility the downtrend will resume thereafter with the lows at 1.4050 targeted.



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Analysis by: Joaquin Monfort
Forex4you analyst

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