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Daily Forex Analysis

Discussion in 'Technical Analysis' started by ActionForex.com, Aug 26, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    EUR/USD: The pair is in the middle of a bearish trend as the attempts to breach through the 1.4620 support level continue. The daily chart's Slow Stochastic indicates that the bearish momentum is still strong and a breach is very likely. Going short appears to be preferable.

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