A further move to the downside will most likely see the pair collapse below the 1.1700 figure and target bids around 1.1639, a level established by 2005 low, which currently acts as a gateway toward the psychologically important 1.1500 handle. Indicators are mixed with negative momentum indicator diverging from positive MACD, while oversold Stochastic gives the single currency longs a chance to retaliate.
Euro Stalls Below 1.2000
Thu Feb 09 10:50:00 GMT 2006
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