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EUR/USD Turns Down From Resistance

posted by Avatar jameschen 222 days ago in USD, EUR, Technical made popular 222 days ago

EUR/USD (daily chart) as of Thursday (10/13/2011) has turned down from key resistance in the 1.3830 price region. This occurs after more than a week of strongly bullish price action that has formed a significant bullish correction within the context of the new overall downtrend that has been in place since the breakdown below 1.4000
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