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Published On: Sat, Jan 3rd, 2015

EUR/USD – Technical Analysis (05.01.2014)

The EUR/USD closed below the key 1.2042 support yesterday. This breach signals that the downtrend is set to continue. The pair will target 1.1876 next.

On Friday, the EUR/USD closed below the crucial 1.2042 support both on a daily and weekly basis. This breach signals that the downtrend here is set to continue. The forex pair will target the key 1.1876 zone next. Initial resistance is offered by 1.2042.

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