Monday, July 28, 2014

EUR/USD Mid-Day Outlook

EUR/USD lost some downside momentum today but intraday bias remains cautiously on the downside. Medium term trend could have reversed and deeper fall should be seen to 61.8% projection of 1.3993 to 1.3502 from 1.3700 at 1.3397. Break will target 100% projection at 1.3209. On the upside, above 1.3486 minor



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