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EUR/USD analysis of the week (4h candlesticks)

09 Feb, 2010 @ 04:31 am BST | By ForexTribe


The parity found support on 1.36 at its lowest. The price made then a rebound allowing it to test the resistance at 1.3750. The parity is currently testing a break out of the bearish slant leading the bearish movement. A break out of 1.3650 will offer a buy signal and will allow the price to get back on 1.3750. As far as 1.3650 is not broken, we maintain to trade only short positions.



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