February 27, 2014 EUR/USD Technical Analysis
EUR/USD was in bullish trend when we did our last
technical analysis in February 19, 2014. It was discussed in previous analysis that
EUR/USD can start its downward move if it manages to break initial support
line. Finally this pair was successful
in crossing down the support line and started its walk towards 1.3656 that we
mentioned as second support. EUR/USD held its second support for the time being.
Bears took control over price and making their trend stronger with every next
candle on chart.
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