EURO (MAR) 02/02/2011: Rising stochastics at overbought levels warrant some caution
for bulls. The market's close above the 9-day moving average suggests the short-term
trend remains positive. With the close over the 1st swing resistance number, the
market is in a moderately positive position. The next upside target is 139.47.
The market is becoming somewhat overbought now that the RSI is over 70. The next
area of resistance is around 139.04 and 139.47, while 1st support hits today at
137.50 and below there at 136.39.As we said a few days ago 1.3815 has been touched.
We should be carefull nevertheless the trend remains upside

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