FX Path

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FXstreet.com Experts’ Currency Forecasts Posted: 01 Oct 2010 10:51 AM PDT Please click on the following link for a new feature at FXstreet.com, Experts’ Currency Forecasts, where we provide forecasts as to where we see currency prices potentially going in the next week, month, and quarter: http://www.fxstreet.com/technical/forex-forecasts/experts-forecast-currencies-poll/ Enjoy!

EUR/USD - Strong Uptrend Shoots for Resistance Posted: 01 Oct 2010 09:40 AM PDT Price action on EUR/USD (a daily chart of which is shown) as of Friday (10/01/2010) has closely approached its bullish target in the 1.3800 resistance price region, establishing a new 6-month high, after having risen at a remarkably steep angle since the general uptrend in EUR/USD accelerated in mid-September. The 1.3800 target is both a key 161.8% Fibonacci extension level as well as an important prior support/resistance area. For more technical analysis on this currency pair, please click here for Friday’s (10/01/2010) Chart of the Day. James Chen, CTA, CMT * For information on my DVD set, High-Probability Trend Following in the Forex Market, please click here. * For information on my book, Essentials of Foreign Exchange Trading (Wiley), please click here. * For information on my new book, Essentials of Technical Analysis for Financial Markets (Wiley), please click here.

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