Forex Trading: EUR/USD Trending Downward

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Forex Trading: EUR/USD Trending Downward

By Greg Michalowski on July 8, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

Eur/Usd has been trending downward from earlier highs on July 7 of 1.4050. At the moment it is trading below the 10 bar Moving Average on hourly chart with next level of resistence down at 1.3875, which is recent low from July 6.

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