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Forex Trading News: EURUSD Consolidates, Trading Near The 50.0% Fibonacci Level

Posted by Mr. Danish FX on Thu, 08/28/2008 - 11:57pm in

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.

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