Friday, January 2, 2015

EUR/USD Mid-Day Outlook

EUR/USD's decline continues and breaches mentioned 1.2042 key support level. There is no sign of bottoming yet and intraday bias remains on the downside. Current fall from 1.3993 should target next key support level at 1.1875. On the upside, above 1.2170 minor resistance will turn bias neutral and bring consolidations first.



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