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dailyfxinfo
Jan 15, 2013 8:58 AM

As always... Long

Euro Fx/U.S. DollarFXCM

Description

EURUSD Has broken the descending trendline. Retested and went back up as expected. It is not overbought at all. It has some space to go. 1.3500 (%50 retracement) is attracting. We'll see after that. Most likely we'll be around 1.38-1.40 by the end of January. But confirmation is what I need. Till then we still have good 140 pips to go...

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