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Forex Trading: EURUSD Falls But Not For Long
Written by article default Thursday, 24 February 2011 09:42
The EURUSD has moved below the 100 bar MA on a number of occassions today but each dip below the line (blue line in the chart) has found buyers. A dip below the trendline/38.2% retracement and the 200 bar MA at the 1.3721-26 level will be needed to turn bias back to the downside.