EURUSD slows decline at the weeks midpoint

Written February 10, 2012 at 8:43 AM EST by  

The 50% of the move up this week and 200 hour MA at the 1.3173 level was tested (and breached) but the price has moved back above level. One has to be mindful of the failure on the break. Traders will be eyeing the level for continued support now. Risk is limited against the level.

 

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