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This is a technical analysis for EURUSD done by Kelvin for his blog www.myforextradingsignals.com. Find out his forex trading signal for EURUSD this week.

	US Dollar / Swiss Franc
		Weekly	Daily	Hourly
	Trends
	Resistances	0.823	0.815	0.811
	Supports	0.79	0.7965	0.803
	Our strategy
	Entry	Stop	Target 1	Target 2
	0.808	0.813	0.8	0.797

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Factory orders for July rose by the most in four months, sending the U.S. Dollar higher against its major counterparts.

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	Euro / US Dollar
		Weekly	Daily	Hourly
	Trends
	Resistances	1.4575	1.4545	1.4465
	Supports	1.4325	1.438	1.4415
	Our strategy
	FLAT

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Unemployment in the EMUs largest economy continued to drop, albeit at a slightly slower than forecast pace, despite the economic slowdown. While elsewhere the German government says it has approved a framework for a draft law to expand EFSF….

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	Euro / US Dollar
		Weekly	Daily	Hourly
	Trends
	Resistances	1.4545	1.4505	1.4455
	Supports	1.4325	1.4385	1.441
	Our strategy
	FLAT

Currency Converter

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Domestic demand in Germany continued to decline in July as consumers fret about mounting headwinds to economic growth…

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