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FX:EURUSD Consolidation Technical Analysis

Interval: H1

euro-usd-consolidation-technical-analysis-chart-07.01.2013

EURUSD has rejected from the 1.3 key level, as expected.

It retested 1.3080 and continued the consolidation between the levels that I have mentioned. This start of the week seems to be quite calm, nothing important that could trigger a larger move.

Still, if the market will get and impulse, we should look for a break under 1.3, a trend continuation with the next target at 1.2890, or  a break over 1.3080 with a new target at 1.3140/43.

FX:EURUSD Consolidation Technical Analysis by