Wednesday, December 25, 2013

EUR/USD Technicals - Bearish Pressure Intact But Don't Expect Sudden Slide

USD is not letting the holiday break affecting its stride. The Greenback strengthened when boxing day trading commenced, pushing against all major currencies including EUR, which shed slightly less than 20 pips from open to trough. If we ignore the empty candles on the chart, this morning's decline seems like



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