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PostPosted: August 13th, 2012, 1:07 pm 
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Joined: February 20th, 2012, 2:57 pm
Posts: 42
Currency updates by Halo Financial

The Euro -US Dollar exchange rate is characterised by this 14 month downtrend. We are experiencing a small scale upward movement within that overall trend and a pattern that is as clear and consistent as this one is thankfully very easy to take advantage of. Euro buyers can target anything above $1.20 and expect success whilst euro sellers have a pretty clear short term target of $1.23 and perhaps the opportunity to get something covered at between $1.24 and $1.2500. It is clear that this pair is most likely to eventually test the June 2010 low of $1.19 and we will have to wait to see if that marks the bottom of the range or whether the Euro really is doomed.


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