Saturday, December 25, 2010

EURUSD from action forex

EUR/USD's fall from 1.3496 resumes after brief consolidations. Intraday bias is back on the downside for 1.2969 support first. Break there will confirm resumption of whole decline from 1.4281 and target 1.2643 support next. On the upside, break of 1.3358 will indicate that fall from 1.3496 is possibly over and rebound from 1.2969 might be resuming for another high above 1.3496.

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