Thursday, 3 November 2011

As predicted yesterday, EUR moved higher and crossed its barrier briefly, touching a high of around 1.38534 but corrected back to around 1.38000 and hovering around 1.38100. The EUR still has the potential to cross the resistance of 1.38100 to 1.38300 provided it is able to sustain the levels of 1.38000 which has now become a crucial pivot point.

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