Iomega Corporation

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Thursday, September 07, 2006

EUR/USD Analysis

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In our View, what we Analyze is we could see EUR/USD will soon be 1.28+ and shall be crossing 1.29 (considered as Heavy Resistance)
This big drop, gives Some Signal, that it is gaining More Support from Various other traders also, who are back from vacation, to flow more money and support at 1.2705 levels+

However, Data did play a Heavy Impact on the Pair today. And ECB Comments today Morning.
Technical Prespective a rise is required on the Pair.

Big Chatters going on in the Market, Something very big appears to happen soon, Big Investment US Banks buying as well.

Overall long term, We eye for 1.3000 in 2 Months forecast provided that Economic Indicators are free of Inflation, and dont forget that Federal Reserve is Happy with the weaker Dollar for sometime.

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