EURUSD Analysis, Daily Forex Analysis, August 24th 2010

24 August 2010 @ 06:09 am EDT

EURUSD’s downward movement extends to as low as 1.2624. Deeper decline is still possible in a couple of days and next target would be at 1.2500 area. Resistance is at 1.2725, as long as this level holds, downtrend will continue.

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