EURUSD target buy stop above 1.505

The effect of Dubai World has been minimalized, and the asian market is in a very good condition. we predict that a head and shoulder patern the EURUSD will test the level 1.5100 or higher before going down.


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Forex Signal 30 November 2009

Trend: Up Trend

Buy GBPUSD @1.6520 TP 40 Pips Pivot:1.6510 R1:1.6568 R@:1.6600 S1:1.6421 S2:1.6329

Buy EURUSD @1.4520 TP 40 Pips Pivot:1.5014 R1:1.5085 R2:1.5132 S1:1.4941 S2:1.4896

Tomorrow Forecast: GBPUSD and EURUSD

The Poundsterling and EURO will rally against the dollar tomorrow and try to reach and test 1.6600 for GBPUSD and 1.5100 for EURUSD, the first resistance to break for GBPUSD is 1.6545 and 1.5055 for EURUSD.

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The pair are remaind bearish

The pair GBPUSD and EURUSD will continue bearish is posible for 3 days bearish, the pair are hard to break the resistance line.

and because the thanksgiving, the drop of European Banking, weekend, and the end of the month (November) sentiment are going to take a short postition for both pair.

Signal Forex 27 November 2009

sell GBP/USD @ 1.6409 TP 30 - 40 pips

sell EUR/USD @ 1.4950 TP 30 - 40 pips