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EUR: Short vs. Long Term Bottom

posted by Avatar fx360 733 days ago in EUR, Daily

For the third trading day in a row, the euro has bounced against the U.S. dollar, leaving many traders to wonder whether the single currency has finally hit a bottom. After falling to a low of 1.2143 on Wednesday, the EUR/USD which rose to a high of 1.2673 today has come a long way. Most of the rally has been fueled by short covering but there
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