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EURUSD on the Down Low – May 4, 2010

The EURUSD once again showed some weakness when it hit a wall at the 38.2% Fibonacci retracement level of the latest downward wave seen above. At present, the pair is trading just below 1.3200. If the euro selling continues and the pair breaks below its 2010 low at 1.3114 and the psychological 1.3100 marker, it could easily fall down to 1.3000. More...

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