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EURUSD pulls back to as low as 1.2745 level

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10-30-08, 11:57 PM

ForexCycle.com ForexCycle.com is offline

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Join Date: Sep 2008

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EURUSD pulls back to as low as 1.2745 level

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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