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EURUSD Daily Forecast: August 31
Friday, August 31, 2012 5:01
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EURUSD Forecast
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. As long as stays inside the bullish channel price is still in a bullish correction phase since bounced from 1.2041 but need a clear break at least above 1.2588 key intraday resistance to continue the bullish phase testing 1.2625 – 1.2700 region. On the downside, key support area remains around the lower line of the bullish channel and 1.2440/00 area which need to be violated to the downside to end the current bullish correction phase.
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2012-08-31 04:52:36
Source: http://www.fxinstructor.com/blog/eurusd-daily-forecast-august-31-3
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