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EURUSD






12/16/2014 9:52:45 AM

EURUSD - Technical Analysis: Tuesday, 16/12/2014 14:52 GMT



1.2500 level was breached and the price attempts to build support base above it, to hint targeting the descending channel’s resistance at 1.2630 on the intraday basis.

The bulls’ power indicator rises, and the exponential moving average 50 offers positive support to the price.


Target
Risk


Support
Resistance


Trend Bullish

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