Forexpros Daily Analysis - 27/04/2011

ForexPros Daily Analysis April 27, 2011


Dollar Index fell into a new low as expected, after the market made only small, three wave recovery up to a trend line region, which reacted as a very good resistance. An updated count now suggests that a decline from 74.53 is a final leg of an impulsive structure from 76.08, so we really should not be surprised if dollar finds some buyers in sessions and days ahead.

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Forex Trading analysis written by Gregor Horvat for Forexpros.

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