7 November 2001, 11:49  : TECHNICALS-Forex market outlook and key levels (EURO/DOLLAR)

STEFAN STEINEMANN, TECHNICAL ANALYST, DOLEFIN.COM
* EURO/DOLLAR: "The euro is again approaching resistance near $0.9025. It is likely that in intraday trading, the upmove will hesitate near that level and that some congestion-retracement phase could follow. But we expect the euro to succeed in stabilising above $0.8965 and reckon with a euro that will further approach the key resistance zone near $0.9100-0.9140 of the downtrend from 0.9330. Another interim resistance zone on the way up is located near $0.9050-0.9075. Any unexpected fall back below $0.8960 would jeopardize our positive outlook."

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