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Chart Of The Day: EUR/USD

Discussion in 'Technical Analysis' started by ActionForex.com, Oct 31, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Price action on the EUR/USD daily chart, as shown, has clearly been rejected at the resistance imposed by a key 38.2% Fibonacci retracement level and an important prior support/resistance level around the 1.3250-1.3300 region. This price rejection, which was manifested as a clear shooting star candle, occurs within the context...

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