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Forex Technical Analysis for Week 01/28–02/01

January 26th, 2013 Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3107 1.3185 1.3322 1.3400 1.3537 1.3615 1.3752 GBP/USD 1.5590 1.5667 1.5738 1.5815 1.5886 1.5963 1.6033 USD/JPY 85.78 86.92 88.92 90.05 92.05 93.18 95.18 EUR/JPY 112.94 114.98 118.67 120.71 124.40 126.44 130.13 GBP/JPY 135.58 137.41 140.57 142.40 145.56 147.39 150.55

EUR/USD Down for the First Day in Three

EUR/USD retreated today after the two-day rally. The faster-than-expected growth of US durable goods orders increased traders’ confidence in the economy and the currency of the United ...

EUR/USD Climbs to Highest Since 2011

EUR/USD was falling today, but later rebounded and touched the highest rate since December 2011. The Forex market is in the risk-on mode and that drives the currency pair higher. ...

What is FOREX (Foreign Exchange)?

The simple sense of Forex (Forex currency exchange, Foreign Exchange) is simultaneous purchase and sale of the currency or the exchange of one country’s currency for the one of ...

What Is Forex?

FOREX — the foreign exchange market or currency market or Forex is the market where one currency is traded for another. It is one of the largest markets in the world. Some of the ...
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