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  • Forex4you Technical Analysis 07 January 2013 0 comments
    Jan 7, 2013 6:58 AM

    EUR/USD: moving lower

    Eurodollar has renewed its down-trend after touching resistance from an old trend-line. It will probably fall further, reaching perhaps down to recent 1.3000 lows and probably even to where the 50-day MA and a major trend-line are situated at 1.2960. Alternatively, a break above the 1.3060s would be necessary for an up-trend to develop, later targeting resistance at 1.3100.

    (click to enlarge)

    Analysis by: Joaquin Monfort

    Forex4you analyst

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