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View full post on DailyFX – Technical Analysis – Candlesticks

View full post on DailyFX – Technical Analysis – Candlesticks

Forex: EUR/USD recovers slightly and rises back above 1.2800
FXstreet.com (Córdoba) – The Euro trimmed losses against the Dollar and rose back above 1.2800. The pair climbed to 1.2860 after the opening bell at Wall Street but pulled back afterwards and currently trades around 1.2830. During the European session, the Euro bottomed at 1.2779, hitting a fresh 3-week low.

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Forex: GBP/USD, back above 1.5900 after BoE
FXstreet.com (Barcelona) – The Pound has rallied about 100 pips over the European session, taking back a big hare of the decline from 1.5970, as recovery from session low at 1.5820 extended above 1.5900 after BoE’s monetary policy decision, to reach session high at 1.5925.

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Forex: GBP/USD, pulls back from 1.4525 range top, approaching 1.4300
FXstreet.com (Barcelona) – Pound’s rejection from 1.4525 resistance area, the roof of the last six day’s trading range, found support at 1.4350 low on Monday and, after a recovery attempt on US session,, which was halted at 1.4465, the pair plunged on Asian trade, extending below 1.4350 to approach 1.4300.

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Dow, S&P 500, NASDAQ bounce back on volatile day of trading
The Dow Jones industrial average rose 125 points after falling below 10,000 on a volatile trading day dominated by worries about how Europe is handling its debt crisis.

Read more on Richmond Times-Dispatch