EUR Trading Outlook (25-07-2013)

TECHNICALS: Short-term support near .9140 held the first test overnight and a clean break
below there could open the way for a test of .9040 (see chart). The really big levels to watch
are at .9000/.9350 and as we are opening right in the middle of this range it’s difficult to have
a very strong short-term bias. Longer-term I’m still in the buy-dip camp for a move back
towards .9600.

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