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June 26, 2012

EUR/USD Easing Off the Bearish Momentum Near the 1.2430 Support

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The EUR/USD has been bearish since topping last week at 1.2745. The 6/26 US session traded the EUR/USD down to about 1.2440. The 1H chart shows a rejection from the downside and a bullish candle suggesting consolidation. The 1H RSI reading is showing an extended bullish divergence. This simply... FF News: Technical

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