Friday, August 24, 2012

Very Nice Rebounce on EUR/USD

A very nice rebound at 1.24930. It was quite confusing at first wondering will it break down. Now we see can it go further (Long term hindsight) as it has tested it's Daily support.

Note: With the EUR/USD boost, AUD/USD also went up. They are usually correlated, just that AUD tend to be weaker nowadays.

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