Friday, December 27, 2013

EUR/USD Spikes Through 1.3713/04

Although EUR/USD was expected to move away from the dense resistance area at 1.3713/04 down to the 55-day SMA, the currency pair is currently trying to erode the nearest resistance. If it succeeds at surpassing this ceiling, the major down-trend line at 1.3792/84 will be exposed, but should rekindle selling



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