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July 20, 2012

EUR/USD Testing Consolidation Pattern Support

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The EUR/USD failed to make a new high for the week during the 7/20 European session as it did during the 7/17 and 7/19 sessions. The 1H chart shows a EUR/USD that's been trading in a rising wedge or channel pattern this week. It is now testing this consolidation pattern support trendline near 1.2220... FF News: Technical

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