EUR/USD Challenging key support area – MIG Bank

EUR/USD continues to slide. It is now close to the key support at 1.2748 (see also 38.2% retracement of the rise from 1.2043 to 1.3172). An hourly resistance is at 1.2843 (05/11/2012 high). Short-term resistance is at 1.2894 (intraday high). • Even though the long-term trend is still negative…

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EUR/USD Challenging key support area – MIG Bank