Thursday, December 26, 2013

EUR/USD Technicals - S/T Bears Banished But It's No Bullish Wonderland

Despite early bearish push on Boxing Day, prices recovered rather quickly, pushing above Christmas Eve's closing level during early European hours. The rally then was was certainly inexplicable considering that all the major European trading centres are closed, and there weren't any major news being reported either. Hence, this bullish



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