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FX Technical Strategies

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FX Technical Strategies

Sun, Nov 16 2008, 16:33 GMT
by Lea Peters

FXUniversity


EUR/USD : the bear strength of this major is so pronounced that even rallies are very short-lived. The most current price action is suggestive of the further downward move with the previous lows of 1.2330 to be taken out. Only daily close above 1.2830 would indicate stronger intraday rally . Strategy : sell rallies to 1.2830.


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