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Forexpros Daily Analysis - 08/12/2010
ForexPros Daily Analysis
December 08, 2010
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The EURUSD pair has hit a major
support at 1.31948 and has moved back up.
However, from my previous
analysis of this pair, it has broken down the major support on the daily
On the 4 hour chart, you can see that the price is unable to
create higher high which is a sign of weaknesses in the buyer.
whole, I will continue to look for short opportunity for this pair as long as it
breaks below the 1.31948 support level.
---Forex Trading analysis written
by Kelvin Lee for Forexpros.
Futures and Options on Futures and Cash Forex
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should carefully consider whether trading is suitable for
you in light of
your circumstances, knowledge, and financial resources. You
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more of your initial investment. Opinions, market data, and
are subject to change at any time.
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