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Monday, December 02, 2013

EURUSD Update 02.12.2013



EURUSD broke the support line of SMA-100, which was the last support after the first break of trendline, as you can see at the chart above. The most possible scenario for Tuesday, is the consolidation between the prices 1.3560 and 1.3520, since there is no important announcement scheduled for that day. On the other hand, a breakout below 1.3520 could lead the pair below 1.3490 giving a good opportunity for short positions.

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