EUR Trading Outlook (23-08-2013)

TECHNICALS: The fact that prices stalled near the 76.4% retracement of the .8850/.9240 rally will be giving the bulls some slight hope (see chart), but it’s only slight as the bears still look to have all the strong cards. The hourly chart is showing support near .8965/70 and resistance at .9035/40, so these are the main levels to watch today.

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