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Forex-Analysis.net: EURUSD Bullish, Fibonacci Retracement in EURJPY

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23rd October 2009, 13:10

ChartSecret ChartSecret is offline

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Forex-Analysis.net: EURUSD Bullish, Fibonacci Retracement in EURJPY

EUR\USD

EUR\USD is in a asymmetric triangle formation that is a strong bullish pattern. It is expected to continue its bullish movement upwards.

EUR\JPY

EUR\JPY is in a strong uptrend. The last high of the uptrend is exactly at the 38.2 Fibo Retracement. If price reaches that point it could serve as a strong point to join the trend.

Full Analysis:
http://forex-analysis.net/2009/10/23...i-retracement/

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