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October 8, 2012

EUR/USD Slides Under 1.30; Short-term Technical Picture Unclear

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Failed bullish development: The EUR/USD failed to extend the risk-on reaction following the NFP on Friday (10/5). Instead, it started this week falling back under 1.30 and has cracked the 1.2950 handle ahead of the 10/8 US session. The 4H chart shows the price action breaking below some support... FF News: Technical

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