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EUR/USD Update 26 Oct 12

Good day forex traders.

As I mentioned in the previous EUR/USD forecast, continued bearish momentum may see the immediate bearish target of 1.29 hit.

20121026-120214.jpg

Looking at the chart above we do see the EUR/USD constantly fail to climb above the 1.2950 immediate support. 1.29 was almost hit and if nothing adverse happens, it is likely that the
currency pair will attempt to test it.

Trade safely.

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