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2 Oct 2013

Today's technical and fundamental analysis of Euro/Usd

EURO/USD Analysis:


After breaking on prime of 1.3568 resistance, EUR/USD pulls back from 1.3587, suggesting that lengthier consolidation of the uptrend from 1.3105 is afoot. vary dealing between one.3462 and 1.3587 would in all probability be seen in an exceedingly only a few days. Support is at 1.3462, as long as this level holds, the uptrend might be expected to resume, and a new rise towards 1.3700 continues to be potential. On the flinch, a breakdown below 1.3462 will indicate that the uptrend had completed at 1.3587 already, then the next downward movement could bring price back to 1.3350 zone.

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