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DAILY FOREX FORECAST FROM TRADING CENTRAL (QUOTES) FOR 2 NOV, 2011
EUR/USD
11/1/2011 4:04 PM
Pivot: 1.38
Our preference: Short positions below 1.38 with targets @ 1.3605 & 1.3565 in extension.
Alternative scenario: Above 1.38 look for further upside with 1.386 & 1.395 as targets.
Comment: the pair has broken below its support and remains on the downside.
Key levels
1.395
1.386
1.38
1.37079 last
1.3605
1.3565
1.352
GBP/USD
11/1/2011 4:05 PM
Pivot: 1.6035
Our preference: Short positions below 1.6035 with targets @ 1.5890 & 1.5820 in extension.
Alternative scenario: Above 1.6035 look for further upside with 1.6090 & 1.615 as targets.
Comment: the pair remains on the downside and is approaching its support.
Key levels
1.615
1.6090
1.6035
1.5953 last
1.5890
1.5820
1.575
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