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EUR/USD Backs Away from 1.40

Discussion in 'Technical Analysis' started by ActionForex.com, Jun 18, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    The EUR/USD popped slightly yesterday as Tuesday's positive economic sentiment data carried over into Wednesday's session. However, Wednesday's rise failed to touch 1.40 and the EUR/USD is consolidating around our 3rd tier uptrend line right now. When viewing the 1-hour, we notice the currency pair continues to register larger volume...

    complete article here...

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