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December 8, 2011

EUR/USD Breaks Below Rising Support During ECB Press Conference

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After the ECB cut it's benchmark rate by 25 bps from 1.25% to 1.00%, the market's gave EUR a boost, and the EUR/USD rallied toward the 1.3450 pivot during the beginning of Mario Draghi's (ECB precident) press conference. The rally was quickly faded as the QA session began, and the EUR/USD headed... FF News: Technical

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