EUR/USD: Corrective Phase Underway
From Recent Commentaries | Safehaven.com
January 7, 2013 - 8:48am
EUR/USD bounced last Friday. However, as long as the resistance at 1.3121 (intraday high) holds, further short-term weakness is favoured. Monitor the support implied by the mediumterm rising trendline (around 1.2970).
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