There is always a price for promises you don't keep!
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EUR/USD Corrective Rally to Extend Higher; Key Resistance Cluster Near 1.3030
The EUR/USD slid below the 1.2870 2011 low and established a new 2011 low at 1.2857 before a corrective rally followed. As we wind down the trading year on the 12/30 US session, the market appears to continue this corrective rally. It is so far held below 1.2968, 50% retracement of the 1.3079-1.2857 swing. A push above this looks at the 1.30 level swing projection, which is near the 1.2994, 61.8% retracement level. IF the market gets here, there should be strong selling interest. Resistance factors reside just above as well, starting with the 1.3020 support pivot from the consolidation around Christmas, up to the ... (full story)
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