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EUR/USD-Strong Euro Bounce Breaks Downtrend

April 13, 2010 Posted by admin under Stocks & Stock Market Analysis
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This is the daily EUR/USD outlook for April 13. The EUR saw a strong bounce early this week, and that buying pushed the EUR/USD above the previous swing high at 1.3590.  That move negates the downtrend. Support is at 1.3565, minor support at 1.3520, the further support at 1.3490, 1.3440 and 1.3420. Some resistance has…