Tuesday, December 2, 2014

EUR/USD Stays Below Down-Trend At 1.2450

EUR/USD is still trading in a narrow range, which is partly explained by the long-term triangle pattern. On Monday, the Euro continued hovering around the down-trend around 1.2450, which is strengthened by monthly pivot point and 20-day SMA. Therefore, we expect the Euro to lose value on Tuesday and cross



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