11/27/09 11:20 am - Currency Majors Technical Perspective

EUR/USD Current price: 1.4899 After being close for holiday, stocks opening will be key today as they are expected quite lower, exacerbating risk aversion sentiment triggered past Asian session. Bearish gold also favors the downside, while hourly charts show price under moving averages and strongly bearish. Indicators had corrected part of the oversold condition, turned flat currently, yet bigger time frames remain bearish. Watch for a break under 1.4800/10 strong static support area, for

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