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Published On: Fri, Dec 5th, 2014

EUR/USD – Technical Analysis (05.12.2014)

With the EUR/USD correction still intact, the pair is expected to head to the 1.2507 resistance. Crucial on the downside is the support level at 1.2353.

The EUR/USD correction which started yesterday is still in progress. The forex pair is expected to head north to the 1.2507 resistance. Crucial on the downside is the support level at 1.2353. A breach of there will negate the short-term positive bias for the EUR/USD and will resume the strong downtrend.

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