EUR/USD – Bearish breakout at 1.2748

EUR/USD has broken its key support at 1.2748 (see also 38.2% retracement of the rise from 1.2043 to 1.3172). The technical configuration is negative as long as prices remain below the resistance at 1.2876 (07/11/2012 high). Hourly resistance at 1.2790 (09/11/2012 high). • The long-term trend i…

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EUR/USD – Bearish breakout at 1.2748

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