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EURUSD Technical Analysis

Tomas Cedavicius from Investija.com at 12/28/09


EURUSD has formed a low trading range between support at 1.4246 and resistance at 1.4396. A breakout of resistance barrier can initiate a major trend reversal. Above resistance, bears are in danger. However, while 1.4396 price level stays active, bears are looking for another rebound back to support barrier.

Long TermNegative1.42461.4396

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