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EUR/USD – Support at 1.3249 has thus far held
• EUR/USD is bouncing close to the support at 1.3249 (11/01/2013 low), which confirms our scenario of further strength towards the resistance at 1.3487 (24/02/2012 high). An hourly resistance is at 1.3357 (intraday high). • The higher low in July 2012 (compared to July 2010) and the recent new high above the strong resistance at 1.3172 suggest an improvement of the underlying trend. Strong resistances can be found at 1.3487 and 1.4247 (27/10/2011 high). • GBP/USD has moved below the support at 1.6003/1.5993 (09/01/2013 high) but has, thus far, failed to make a daily close under it. Moreover, the medium-term ... (full story)
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- jaygee
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- DragonFire
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There is always a price for promises you don't keep!
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- Pip Anon
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When the facts change I change my mind, what do you do sir
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- DragonFire
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There is always a price for promises you don't keep!
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- Pip Anon
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When the facts change I change my mind, what do you do sir