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FX.co ★ EUR/USD Corrective Movement, Janaury 24, 2011 (Daily Strategy)

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Forex Analysis

2011-01-24T13:31:47
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EUR/USD Corrective Movement, Janaury 24, 2011 (Daily Strategy)

EUR/USD Corrective Movement, Janaury 24, 2011 (Daily Strategy)

EUR/USD

From a technical standpoint the pair is set and ready for a corrective downwards movement towards the low support levels around 1.3000 from which it had arrived. A downwards breach of the trend line passing through 1.3520 will finally confirm negative momentum and allow entry into a sell deal on the pair with a first, partial realization goal at 1.3370, and a second, full realization goal at 1.3120 United States dollars for one Euro.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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