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Did EUR/USD Find The Bottom?

Sameer Kapoor 15 November 2012

Did EUR/USD Find The Bottom? EUR/USD reversed nicely higher few sessions back from 1.2660 area where we see first signs of a bottom. The fact is that we have an ending diagonal in wave 5, which we know is a reversal pattern, and we can also see a broken channel resistance line. If we are correct, then EUR/USD will move even higher in days ahead. But for confirmed change in trend, we still need a daily close above 1.2790 resistance.