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EUR/USD – Drops Sharply but Finds Support at 1.30
What a wild ride the Euro has been on in the last couple of days. After yesterday surging up towards 1.32 and running into a wall of resistance at that level, the Euro has since fallen sharply back towards another key level in 1.30. Once it traded up to 1.32, it did run into a wall of resistance and was turned away a little, however nothing suggested that it was going to fall as quickly as it did. It had previously received some support around 1.3050 and 1.30 which helped the bulls jump in and push the Euro higher, however the former level of 1.3050 did little to arrest the sharp drop over the last 24 hours. Just ... (full story)