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FOREX: Technical analysis 09/25/12

25.09.2012

Market Review

EUR/USD

News background:

Pair gets some support against the deposit auction of ECB and hope that Madrid will ask for help of three lenders.

Technical picture:

From a technical point of view, the pair has a chance to grow up locally. It crosses the center line of the Bollinger and has already passed the MA 5 and MA 21.

Oscillator Stoch. demonstrates the growth of the pair up. The RSI also provides a signal to the local growth.

Trading recommendations.

Buy a pair of short-term to 1.3185.

Technical analyst at Forex Bulygina Marina.

Analytical department of Grand Capital

Author: admin

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