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EURUSD pulls back to as low as 1.2745 level

Discussion in 'Technical Analysis' started by ForexCycle.com, Oct 30, 2008.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    After touching 1.3290, EURUSD pulls back to as low as 1.2745 level. However, the fall from 1.3290 is treated as correction to up trend. Further rise to test 1.3785 (Oct 9 high) resistance is still possible after correction. Key support is located at 1.2329, only break down below this level will turn price back to down trend.

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