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May 25, 2012

EUR/USD Cracks 1.25; 1.2330-1.2350 is the Next Key Support

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The EUR/USD continues to hold below 1.26. We can see in the 1H chart that the attempt to break it in the 5/24 US session was quickly rejected even though 1.26 was cracked. After a bounce from the week's low near 1.2510, there was another test of 1.26 in the 5/25 Friday US session. Again, the market... FF News: Technical

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