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Forex Trading News: EURUSD Consolidates, Trading Near The 50.0% Fibonacci Level
By Mr. Danish FX
Created Aug 28 2008 - 11:57pm

Behind the EURUSD hitting 6-month lows, the pair has consolidated seeing a pretty tight trading range. The pair is now almost exactly near 50.0%. The 61.8% and 38.2% levels were both broken temporarily, yet the pair was unable to break towards either high or low.


Source URL: http://forex.fxdd.com/trading-news/6126/forex-trading-news%3A-eurusd-consolidates%2C-trading-near-50.0%25-fibonacci-level