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July 18, 2012

EURUSD: Vulnerable Despite Recovery Attempts

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EURUSD: Unless a meaningful corrective recovery is staged, EUR still faces downside risk. As long as it holds below 1.2407 level, it looks to return to the 1.2162 level. Below here will resume its broader weakness towards the 1.2149 level, its Jun 27'2010 low. EUR may turn higher on testing this... FF News: Technical

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