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I am using this Blog as a mechanism to attract traffic to our Company Vampire Trading Network, Inc. I will post my analysis of the Euro FOREX Currency using our proven custom indicators. I hope you will use this information to your advantage, realizing that it is a speculation on what might happen. Any trade is a 50:50 proposition. I hope to increase your probability of success.

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Tuesday, June 8, 2010

EURO Breakout 2010.06.08-14:34 EDT


Our Daily technicals are trying to commit to a return long, but the 4 hour chart looks to be thinking about completing its move to the downside.

The VTN Indicators and Heat Map show that we are poised for a breakout in either direction. Pressure has continued to build throughout the day.

Support is holding at 1.1920 while significant support should be felt at 1.1912

There is a strong possibility of a short run to Fibonacci support at 1.1862 with a possibility of continuing into the 1.1720's and depending on the strength push through to a trend line at 1.1688 to 1.1652.

To the long side there is much resistance to make through, notably 1.2012, 1.2052 and 1.2088, breaking through this should see an ability to make 1.2152 and possible 1.2252 in the near future.

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