Friday, April 29, 2011

Today's Market Outlook

EURUSD Steadies above 1.4800 level after pullback from fresh yearly high at 1.4880 found support at 1.4772, that now offers initial support, ahead of 4-hour 20 day MA, currently at 1.4735. Main near-term support lies at 1.4645/30 zone. Bullish near-term tone favors fresh attack at 1.4880, break of which to open 1.4900 and psychological level at 1.5000.

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