EUR Trading Outlook (25-11-2013)

Short-term momentum remains very bearish and any rallies back towards previous support and Friday’s highs at .9225/50 should be considered a selling opportunity. The move from .8845 to .9755 developed as a 5-wave up-trend and that should be respected, meaning that the 76.4% Fibo at .9060 is still relevant (see chart).

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