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September 20, 2012

EUR/USD Pulls Back to 38.2% Fibonacci Level

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The pullback on the daily time frame is a tricky one because while a 38.2% Fibonacci Retracement is a solid correction, it doesn't have the support and finality that a 50% or 61.8% "golden mean" can often have. Another issue is that this pullback comes after a fairly straight shot higher and these... FF News: Technical

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