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Monday, May 2, 2011

EURO/USD 5/2/11

EUR/USD INTRADAY: REBOUND.
Pivot: 1.477

Most Likely Scenario: Long positions above 1.477 with targets @ 1.4835 & 1.488 in extension.

Alternative scenario: Below 1.477 look for further downside with 1.471 & 1.4655 as targets.

Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.
Risk Warning:FOREX, which are leveraged products, incur a high level of risk and can result in the loss of all your invested capital. Therefore,FOREX may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary.

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