Monday, February 10, 2014

EUR/USD Daily Outlook

The recovery from 1.3476 might extends higher. But EUR/USD is staying inside near term falling channel and well below 1.3739 resistance. Near term outlook stays mildly bearish and deeper decline is still expected to 38.2% retracement of 1.2755 to 1.3892 at 1.3458. Break will target 50% retracement at 1.3324. Nonetheless,



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