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November 13, 2012

EUR/USD’s Extended Bullish Divergence

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Breakout/clearout: The EUR/USD broke below the 1.2689-1.2738 range during the 11/13 Asian session, but quickly found support at 1.2660 in the 11/13 European session from which it made a sharp bounce back into the noted range. Note price action also near a projected declining support. Divergence: The... FF News: Technical

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