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DAILY FOREX FORECAST FROM TRADING CENTRAL (QUOTES) FOR 14 NOV, 2011
EUR/USD
EUR/USD intraday: the upside prevails. Pivot: 1.3675
Our preference: Long positions above 1.3675 with targets @ 1.3815 & 1.386 in extension.
Alternative scenario: Below 1.3675 look for further downside with 1.361 & 1.3545 as targets.
Comment: the pair is on the upside and is approaching its next resistance.
GBP/USD
GBP/USD intraday: further advance. Pivot: 1.5985
Our preference: Long positions above 1.5985 with targets @ 1.6130 & 1.6165 in extension.
Alternative scenario: Below 1.5985 look for further downside with 1.5945 & 1.5895 as targets.
Comment: the pair has broken above its resistance and should post further advance.
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