EUR/USD – A break of 1.2996 is needed to improve the short-term technical outlook

• EUR/USD has thus f ar success f ully tested the support at 1.2877 (07/12/2012 low, see also 200 day moving average) on a daily close basis. However, the succession of lower highs and lower lows is still in place and the current bounce is unimpressive thus far. Monitor the resistance at 1…

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EUR/USD – A break of 1.2996 is needed to improve the short-term technical outlook

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