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EUR/USD Third Consecutive Bearish Day

posted by Avatar jameschen 712 days ago in USD, EUR, Technical made popular 712 days ago

EUR/USD (daily chart) as of Friday (6/10/2011) has continued its bearish stance of the last two days after attempting but failing to break 1.4700 to the upside earlier in the week. This continued bearishness now constitutes a bonafide breakdown of the steep uptrend that has been in place since late May.
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