EUR Trading Outlook (12-08-2013)
TECHNICALS: An intraday break-down level .9210 is capping for now and whilst below there, we have the possibility of a deeper retracement back towards .9030 (see chart). Even if this resistance level breaks, there are likely to be more stiff levels near .9300. Overall the heavily oversold dailies look to be reversing so I definitely favour the buy-dip approach.
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