EUR/USD – Approaching a strong resistance area

• EUR/USD is close to the strong resistance area defined by 1.3127 (05/12/2012 high) and 1.3172 (17/09/2012 high). Hourly supports are at 1.3041 (13/12/2012 low) and 1.2982 (intraday low). • The underlying trend is negative (see the succession of lower highs since May 2011 peak). Therefore we …

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EUR/USD – Approaching a strong resistance area

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