FOREX CURRENCY TRADING THE TRUTH!

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Monday 11 May 2009

Down trend on long term looks certain for U.S. Dollar

mon : may: 11th--2009

Fundamental The EUR/USD opened around 1.3640 in Asia and moved up to 1.3670 very quickly to trigger stops above 1.3650. The price action reversed following a report in the UK Telegraph saying that HSBC lost 5 BLN USD in Q1 2009 in their US Household mortgage lending operation. Technical Technical analysis show us the euro may continue its uptrend as MACD giving us a strong buying signal by crossing MACD line to the signal line and RSI is in a clear uptrend. Bollinger gives us a bullish signal

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