FX & CFD trading involves significant risk
Comments: Rate remains under pressure. Currently strong support is near $1.6430 (38.2% Fibo of $1.6170 - $1.6600). Below correction may dip to $1.6380 (50%). Resistance comes at session highs on $1.6550 with stronger level is at $1.6600 (Apr 21 high). Further rise may be capped by Dec'2010 high on $1.6720.
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