Wednesday, December 24, 2014

Today's Market Outlook

Euro's fresh bearish acceleration took out psychological 1.22 support, posting new low at 1.2163, with yesterday's long red candle, confirming bearish stance, for eventual full retracement of 1.2042/1.3992 bull-phase. Near-term price action entered consolidative phase, as lower timeframes studies are oversold. However, no significant upside action is expected, before fresh



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