September 9, 2010 1:59 AM
Euro Testing Hourly Trendline
By FXDD
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0The EUR/USD has tested trendline support with the past two consecutive hourly candlesticks on a trendline that began August 24th. If resistance holds, the next topside target is the 23.6% fibo retracement line on the move from the high on September 6th to the low on the 8th. However, if the pair makes a break to the downside, the 0.0% line comes in at 1.2676.
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