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Paul Koszarny · 10-02-2003, 06:31

The current weakness on EUR/USD is visible on approach to 1.0827/30. From 6:00CET and a minor high 1.0820 we have had 30 pips downward movement, but generally we are still in a quite narrow range. The next model hour is 13:00CET (sup 1.0788, res 1.0822)., so I would expect some heavier trading and price action from that point. There was some buying (short covering) on DAX in the morning but right now it is back to losing the ground because we have got grim reading on German production. And thus we are back to pivot 1.0812.

10-02-2003, 06:31	#2
Paul Koszarny Super Moderator Join Date: Nov 2002 Posts: 322 Downloads: 0 Uploads: 0 Rep Power: 0	No clue on EUR/USD The current weakness on EUR/USD is visible on approach to 1.0827/30. From 6:00CET and a minor high 1.0820 we have had 30 pips downward movement, but generally we are still in a quite narrow range. The next model hour is 13:00CET (sup 1.0788, res 1.0822)., so I would expect some heavier trading and price action from that point. There was some buying (short covering) on DAX in the morning but right now it is back to losing the ground because we have got grim reading on German production. And thus we are back to pivot 1.0812.