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One Commodity Set To Soar On Russian Sanctions

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The recent sanctions on Russia's…

Investors Bullish As Earnings Season Kicks Off

Investors Bullish As Earnings Season Kicks Off

The first round of earnings…

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Tech Giants Rally Ahead Of Earnings Reports

Earning season has just begun,…

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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EUR/USD: Moving Sideways

EUR/USD is moving within its horizontal range defined by the key support at 1.3462 and the resistance at 1.3607. A break of the initial resistance at 1.3568 (16/10/2013 high) would invalidate the recent succession of lower highs and improve the short-term technical configuration. Another resistance is at 1.3607.

In the longer term, a move towards the resistance at 1.3711 (01/02/2013 high) is expected as long as the support at 1.3462 holds. However, the increasing overbought conditions and the other key resistance given by the longterm declining trendline (around 1.4000) should put a cap to the medium-term upside potential.

Daily Technical Report

 

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