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Forex4you Technical Analysis 03 April 2012

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EUR/USD: Technical Analysis

Eurodollar is still bumping up against the range highs and has formed what looks like a possible reversal pattern. It is probable that there will be break lower and a breach of the trend-line for the whole rally up from the 15th Mar lows. The monthly pivot at 1.3260 provides an initial target with 1.3205 as the next target after that.

EURUSD030412.png

Analysis by: Joaquin Monfort

Forex4you analyst

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