Monday, January 3, 2011

EURUSD retrace after a significant rally


The EURUSD retrace after a rally and now had dropped near a support area. The intermediate support is around 1.326 and resistance is at 1.3325 area. 


The EURUSD on a daily chart show the price had hit an important resistance level and drop. The downside support is at 1.318 and resistance is at 1.342. 



By The Backyard Burner

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Fear of failure

Fear of failure