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Daily Outlook 29/04/2014

The Euro (1.3860) is exchanging inside 1.3785-1.3880 throughout the previous two weeks and this restricted extent may break this week conceiving a drifting move towards either 1.3755 on the easier end or 1.4000-30 on the upper end.

Dollar-Yen (102.50) is trying the safety of 102.75 above which further climb to 103.00-40 is conceivable. It has figured out how to hold over 101.50-20 so far to stay in the 10 week long expansive extent of 101-104. We continue viewing the long haul help at 101.00-100.50 for significant moves.

The Euro-Yen Cross (142.08) has broken out from the reach of 140.00-142.00 for a significant directional move and may now achieve 143.00-25 at first and after that 144.00-145.50 can’t be precluded.

Pound (1.6813) is exchanging inside the tight extend of 1.6750-1.6870 much the same as the other real monetary standards. To achieve 1.7000-50 in the following 1-2 weeks, it must break over 1.6870. The fleeting force remains in place over 1.6730-1.6695.

Aussie (0.9238) is falling in accordance with our desire as it stays in a feeble state and may face offering weight on all arouses now work it figures out how to break over 0.9380-0.9400. Significant backings are at 0.9160-30.

Gold (1295.47) fell off from 1306.4 yet is exchanging inside pivotal levels of 1295-1310 while inside the general downtrend. A break over 1310 may trigger a sharp climb to 1400 else it may focus on 1280 on the downside.
 
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