by Fri, 24 Apr 2009 11:14:53 +0200
Stoyan Mihaylov
April 24, 2009
Current level - 96.93
A short-term bottom has been set at 87.12 and a large consolidation is unfolding since. Trading is situated between the 50- and 200-day SMA, currently projected at 94.12 and 99.36.
As expected, the pair broke through the dynamic support at 97.65 and is targeting 95.83 and 93.58. Crucial on the upside is 98.44.
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