After slowing down, the bearish trend weakened, and the Euro showed first signs of recovery on Thursday. Euro/Dollar appreciated from 1.2153 to 1.2394 yesterday, in converse with the Interbank sentiment projection, at around -12%, closing the day at 1.2359. On the 1 hour chart the downward trend has stopped. Break
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Technical Analysis Daily: EUR/USD
– May 29, 2010Posted in: Forex Technical Analysis