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  1. EUR/USD Forecast 23 July 12

    by
    TheGeekKnows
    , 07-22-2012 at 10:08 AM
    [B]Simultaneous Release at
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    Good day forex traders.

    In the previous EURUSD forecast we noted that both SMAs were bearish and we might expect a bearish momentum should nothing fundamental change. Despite the encouraging GDP growth from China, the currency pair did not climb much thus further revealing the depressed nature of the Euro currency.

    [B]Technical Analysis[/B]

    Looking at the EUR/USD daily chart above, we note that the 1.2330 line served as a resistance ...
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