EUR Trading Outlook (29-11-2013)

Technical support level at .9060, which is the 76.4% retracement of the rally from .8845, held on the first test. The short-term charts are showing a possible reversal pattern (see chart) which the retail market in particular tends to trade off. Hourly closes back above .9135/40 should lead to an increase in bullish momentum. Similarly, a break below .9050 will increase bearish momentum.

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