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Technical forecast for EUR/USD

By () · February 26, 2013 · Comments Off on Technical forecast for EUR/USD
EURUSD · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast

EURUSD made it much further than expected to 1.3314 but then collapsed. We are just holding on to support in the 1.3060/40 area & could see a bounce back to 1.3132, possibly 1.3190/00.

Here we could hit selling pressure so watch for a high but a push through 1.3240 could see us reaching 1.3282/96.
We are back in the long term down trend so any rally is expected to be short lived. A break below 1.3030 is very possible for 1.3000. Below here we could fall as far as 1.2890/80 before finding support.

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