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November 30, 2011

EUR/USD Pops up Above 1.35 to Test Declining Channel Resistance

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The EUR/USD has been consolidating since the start of the week. Here in the 11/30 US session, we have a very sharp corrective rally. This moves the pair above 78.6% retracement at 1.3490, and broke the 1.35 psychological resistance. This sharp move also pushes above the 200SMA, the 1.34 resistance... FF News: Technical

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