16.10.2008 12:22

EUR/USD:

Recovery breaks above earlier recovery highs around $1.3445 but seen meeting resistance around $1.3470. One trader notes offers seen placed between $1.3470/80 adding that the 76.4% retracement level of the move down from $1.3518 to $1.3346 overnight comers in around $1.3477. Above here and rate can move back toward that mention overnight high at
$1.3518.







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