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April 18, 2012

EUR/USD at short-term channel resistance to start session

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The EUR/USD started the week with heavy price action that cracked 1.30, but did not break below the 1.2970 support pivot. It rallied up to 1.3170 before falling back to 1.3054. The 1H chart shows a downward channel developing. As we enter the 4/19 Asian session, the market is consolidation just... FF News: Technical

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