EUR/USD Awaiting Breakout from Congestion

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03-05-2010, 03:11 PM

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EUR/USD Awaiting Breakout from Congestion

The EUR/USD is still in congestion. Looking at the daily, we see that it has been consolidating with a slight downward tilt since the start of February. The 1.3450 area provided support, while each rally attempt falls shorter and shorter (congestion). Looking at the weekly, we see that the last...

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