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EURUSD: New Bearish Reversal Can Be Coming

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Oct 21 2014


EURUSD is up, and it seems to be underway to 1.2930/1.2950 resistance, but overlaping price action, Fibonacci equality level and channel resistance suggests that upside is limited as whole rally from 1.2500 has a corrective look. Therefore, traders must be aware of a new bearish turning point that can occur by the end of the month.

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