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Daily Analysis for EURUSD,15.11.2012

ForexZig.com November 15, 2012

The currency pair EURUSD had a strong increase during the trading session yesterday, but later on it slowed down, forming a shooting star. The Euro is conductive to a bearish attitude now, and probably traders used that rally only to get fresh positions. Therefore, the hammer that was formed on Tuesday is the support that the sellers should break.

Support: 1.2622, 1.2463;
Resistance: 1.2785, 1.2874, 1.3019, 1.3138;

EURUSD

EURUSD, H4

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