EUR Trading Outlook (06-05-2013)
TECHNICALS: The bullish AUD/USD case is looking stronger today after support at 1.0220 held for the second time opening up the possibility of a short-term double bottom (see chart). The important resistance levels to watch are at 1.0385/1.0400 so it should be a battle royale to maintain control (although once again the range-traders look to have the best cards!). The very short-term levels to watch for day-traders are at 1.0280 and 1.0325.
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