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February 13, 2012

EUR/USD Starts Week with 61.8% Retracement Pullback

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Last week ended with the EUR/USD sliding from 1.3320 to 1.3155 before consolidating. Looking at the 1H chart, this broke below some short-term pivots, and pushed the RSI below 30, establishing bearish momentum. These are just initial clues to topping, but the market is at the crossroad because it... FF News: Technical

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