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EUR-1.2805 16th May,2006 Pre-European Update Euro moved higher and we have managed to initiate a sell at 1.2830 levels and we now wait for the pair to decline towards 1.2750 levels in the coming sessions. The next support level is at 1.2780 levels and if this is cleared then we may see the currency pair extend its decline towards 1.2750 levels. Hold on to your sell initiated at 1.2830 for the above said target to be reached. Amend stop to entry on break below 1.2800. Hold sell @ 1.2830 for 1.2750 with stop above 1.2860. By N. Rajesh Kumar, Forex Leads, Email: rajesh@forexleads.com , # 3 G-1 Ambal Flats, Sathyavathi Nagar, Padi Chennai 600050, Phone: + 91 44 26549159  Fx-charts.com Disclaimer: The information contained on this website is subject to change without notice, views and opinions expressed on fx-charts.com may be those of individual authors and may not necessarily be the views of fx-charts.com or its officers and employees, we make no claim to the accuracy or timeliness of any information contained herein. We recommend obtaining advice from a suitably qualified financial advisor before entering into any financial transactions or agreements. The use of this website constitutes acceptance of our privacy policy, disclaimer and terms of use. This website is available for information and educational purposes only. |
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