EURUSD The Euro recovered some lost ground today after reaching fresh lows at 1.3745 on yesterday. Nearby resistance is on focus at 1.3885/00 followed by 1.3950 and 1.4 . Support starts at 1.3800 backed by 1.3745 and 1.3690. Intraday studies are bullish at the time of this writing and large moves are possible today due to the NFP data release in the US. Current quote is 1.3865 @06:35 GMT Support levels: 1.3840, 1.3800, 1.3745/50 and 1.3690.  Resistance levels: 1.3885/00, 1.3950 and 1.4

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This entry was posted on Saturday, October 4th, 2008 at 4:10 pm and is filed under Forex Trading Strategies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.