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March 19, 2012

Euro maintains short-term downtrend

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Exited at 1.3120. EUR/USD is still maintaining its short-term downtrend from late February, while capped beneath last Friday's high. The bears need to close decisively below 1.3000 (psychological support), in order to open further downside risk into 1.2630 (16 Jan swing low). Only a confirmation... FF News: Technical

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