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07.06.201110:50 Forex Analysis & Reviews: EUR/USD Bearish Outlook, (Bellow to 1.4610) June 07, 2011 (Daily Strategy)

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 07.06.2011 analysis

 

EUR/USD

The technical picture for the Euro – United States dollar pair shows a downwards correction towards support levels of 1.4460. At that level, we believe the pair can return to their highest levels and continue its upward trend.

Therefore, if the correction of the pair reached to the support of 1.4315, will create an opportunity to enter a position of  buy at a lower price.

 

 

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