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08-23-2009, 08:25 PM

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Fegu

FXGuru

Join Date: Jun 2009

Posts: 29

EURUSD short term: 76.4% Fibonacci

EURUSD has just stalled at the 76.4% Fibonacci retracement against the high at 1.4353. A continued hold of this would suggest short term weakness

A breach of the support level at 1.4045 would be a concerning bearish development opening the way for 1.3832 anmd 1.3750

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