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Trend of the Day: EUR/USD
Monday, 03 November 2008 04:34:43 GMT
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EURUSD is our Trend for Today
The bullish EURUSD rally against the downtrend seems to be weakening as bears look to regain control and drive prices downward. The pair’s inability to hold onto the 1.3000 handle confirms this. Possible selling opportunities occur near channel resistance with a stop just above the13302 high or a break below the 1.2335 support zone to enter short. Look for EURUSD to tag the 1.1600 area.
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