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EURUSD Daily Forecast: August 30
EURUSD Forecast
The EURUSD bullish momentum was paused yesterday but overall still able to maintain its bullish intraday bias. The bias remains bullish in nearest term. Immediate resistance which is also a key intraday resistance remains at 1.2588 (last week’s high). A clear break above that area could trigger further bullish pressure testing 1.2625 – 1.2700 resistance area. Immediate support is seen around 1.2500 – 1.2490. A clear break below that area will interrupt the bullish intraday bias testing the lower line of the bullish channel and 1.2440 support area. Only a clear break below the bullish channel could end the current bullish correction outlook since bounced from 1.2041 (July’s low)
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2012-08-30 00:46:05
Source: http://www.fxinstructor.com/blog/eurusd-daily-forecast-august-30-3
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