EUR/USD Tests Congestion Support

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EUR/USD Tests Congestion Support

By Greg Michalowski on February 18, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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The EUR/USD is testing the 1.2549 level - this is the congestion low price from November/December. A move below this level the 1.2421 and 1.2388 levels. The low for the EURUSD on the move down from the highs has been 1.2329. This is also a target on a break lower.

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