Market Leader informed
4 individuals have been detained in Marivan, Iran, in connection with a series of murders.
The Iranian mass media say the detained hit-men have ties with Great Britain. They are accused of a series of contract killings committed within the last 2 years.
The British authorities denied supporting or participating in any terrorist or criminal activity anywhere around the world, including Iran.
In the meantime at Forex GBPUSD keeps losing its ground.
Experts from the Department of studying Masterforex-V trading system think that after coming out of the MF Sloping Channel GBPUSD started retracing versus the entire wave from 1.5728.
The bearish wave that is currently being shaped will need a “moment of truth”, which will prompt the destination of the forthcoming movement.
News expected for Nov 8th 2010 (GMT):
07:00 GER - Trade Balance
11:00 GER - Industrial Production
18:40 US - Federal Reserve Bank of Dallas President Fisher speaks on "The Impacts of Financial Reform on the road to Economic Recovery" at the Association for Financial Professionals Executive Institute Conference"
20:30 US - Federal Reserve Board Governor Warsh speaks on "Invest in America" before the Securities Industry and Financial Markets Association
Levels of Support/Resistance:
1.6296 - FZR + sell limits
1.6258 - MF pivot
1.621 – MF pivot + MF Sloping Channel
1.617 - MF Sloping Channel
1.6145 – the current price
1.61 - 200% + 150% + buy limits
1.6089 - MF pivot + 211.8% + 161.8% + 38.2%
1.6049 - 261.8% + 188.2%
1.6018 - 300% + 211.8% + 50% + buy limits
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