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avis06
Jan 6, 2014 8:03 AM

Short idea on EUR/USD Short

Euro Fx/U.S. DollarFXCM

Description

Based on the daily chart, it looks like a double top chart pattern is forming. Also, the 100 SMA has acted as a support before, and it might do the same again this time. If the pair manages to break the 100 SMA line, the next support would be the current support at 1.3480 area.
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