EURUSD remains in short term uptrend from 1.2456. Further rise to test 1.2991 medium term key resistance is expected in a couple of days. A break above this level will indicate that the fall from 1.4719 (Dec 18, 2008 high) has completed at 1.2456 level. Initial support is at the up trend line on 4-hour chart, and key support is located at 1.2610, only fall below this level will signal resumption of the medium downtrend from 1.4719.
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