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EURUSD Classic Technical Report 07.19.2012

EURUSD Classic Technical Report 07.19.2012

Ilya Spivak, Head Strategist, APAC

Prices are testing resistance at 1.2323, with a break higher initially exposing 1.2406. Near-term rising trend line support is now at 1.2236. A breach below that level exposes the July 13 low at 1.2161.

EURUSD_Classic_Technical_Report_07.19.2012_body_Picture_5.png, EURUSD Classic Technical Report 07.19.2012

8hr Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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