Forex Technical Analysis on Majors |
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EUR/USD Current level-1.2765 EUR/USD is in а downtrend, after finalizing the rebound from 1.3882 (Sept. 11 2008) at 1.3882. Technical indicators are falling, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4049 and 1.5194. Still in the broad consolidation above 1.2331. Intraday bias has turned to positive, after dipping to our last week's target at 1.2650, and currently is aiming at 1.3021 and probably 1.3261 resistance before exhaustion. On
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