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EUR/USD shaking up a bit of a stir

FXStreet (Guatemala) - EUR/USD is trading at 1.2936, down -having posted a daily high at 1.2974 and low at 1.2909.

EUR/USD had not been offering us any great shakes on the session until we got this volatility around the minute charts with a 15 pip rage of movement. However, the pair still remains with an offered tone below critical resistance levels. Karen Jones explained that given that they are finding the accelerated downtrend at 1.3025 they will assume that the market will remain directly offered while capped there. “We target the 1.2755 July 2013 low and the 1.2661 November 2012 low shorter term. Longer term target remains the 200 month ma at 1.2208”.

EUR/USD near term levels

Spot is presently trading at 1.2936, and next resistance can be seen at 1.2951 (Daily Classic PP), 1.2964 (Weekly High), 1.2966 (Hourly 200 SMA). Support below can be found here at 1.2934 (Weekly Classic PP), 1.2928 (Hourly 100 SMA), 1.2922 (Daily Classic S1) and 1.2909.

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