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October 6, 2012

Using Fibonacci to Identify High Risk Levels in Currency Trading

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The EURUSD response at short term channel resistance is suggestive of a deeper setback. Expect support from former resistance at 12935/70. A near term constructive bias is warranted on dips against 12900 with 13115 and 13170 in focus. Longer term, the EURUSD is at a high risk area for bulls (38.2%... FF News: Technical

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