Tuesday, August 26, 2014

EUR/USD Refuses To Close The Gap

EUR/USD stayed largely unchanged yesterday near 1.32, even though the currency pair opened this week with a large 40-pip downside gap and therefore is likely to close it before testing 1.31. However, the bullish correction should not extend beyond the resistance at 1.33 (2013 Q4 low and monthly S1). Instead



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