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Morning technical analysis – 8 May 2013
EURUSD The euro is trading higher this morning, after finding support once again from the middle bollinger band on the daily chart. As I mentioned yesterday, a break below the middle band would be quite a significant move for the pair and could prompt a significant move lower. However, the fact that it found support here once again, suggests there may still be some upside left in the pair. If we do see it push higher, the pair should find resistance around 1.3131, 1.3158, 1.3178 and 1.3241. On the other hand, despite finding significant support here, we could see further attempts in the coming days to break below ... (full story)
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