Thu, Dec 4 2008, 00:35 GMT
by Lea Peters
EUR/USD : Consolidation is never fun to trade. However, Euro is preparing for a major break again. Reutrn to the previous lows @ 1.2330 will officially resume the downtrend to meet the next level down @ 1.2130 , which is a 50% retracement of a long-term uptrend . Only above 1.3085 will put the bulls in charge again to make advance to the 1.3300 area first.
Published on Thu, Dec 4 2008, 11:35 GMT
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