Saturday, September 27, 2008

Forex Forecast - 27 Sep 08

EUR/USD - This pair has moved up from the low of 1.3882 since 11 Sep. It reached a high of 1.4866 and has since retraced down to close the week at 1.4612. For the following week, I would expect the to continue to fall to 1.4469 to 1.4341 regions. Look for opportunity to long this pair in these regions with potential target exit near 1.5200 to 1.5250 regions.

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