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Forex4you Technical Analysis 28 March 2012

EUR/USD: Technical Analysis

The EUR/USD pair is trading in a sideways range with a correction down within that range currently underway. This move may continue to the range lows at the 1.3315 support and resistance level. From there, there could be a bounce or a break down as the double top pattern translates into a reversal. If the current rally continues then a retouch of the 1.3380 highs is also possible.

Analysis by: Arkady Nagiev

Forex4you analyst

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