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Paul Koszarny · 29-04-2003, 05:57

EUR/USD tried staying above 1.1000 early European morning but failed to and instead slipped 50pips lower to find interim support 1.0950. Local downtrend will come to a halt with hourly closes better than 1.0975. From the point of view of the first two days of the week Tuesday's close above 1.1005 would suggest a resumption of rises. So between 1.0950 and 1.1005 we may see gentle corrective movements. Strong daily support comes at 1.0900 which may be a good buying opportunity. The nearest model hour is at 13:00CET with resistance 1.0985 and support 1.0916. Strong positive divergences on sochastics and RSI.

29-04-2003, 05:57	#5 (permalink)
Paul Koszarny Super Moderator Join Date: Nov 2002 Posts: 322 Rep Power: 0	EUR/USD touched interim support 1.0950 EUR/USD tried staying above 1.1000 early European morning but failed to and instead slipped 50pips lower to find interim support 1.0950. Local downtrend will come to a halt with hourly closes better than 1.0975. From the point of view of the first two days of the week Tuesday's close above 1.1005 would suggest a resumption of rises. So between 1.0950 and 1.1005 we may see gentle corrective movements. Strong daily support comes at 1.0900 which may be a good buying opportunity. The nearest model hour is at 13:00CET with resistance 1.0985 and support 1.0916. Strong positive divergences on sochastics and RSI.