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Price Action For EUR/USD On July 16, 2012

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Published on Jul 16, 2012

http://www.slumdogforex.com/forextrad...

In today's trading session, we observed whipsaw price action in the EUR/USD currency pair as market sentiment shifted from "flight to safety" & dollar strength towards more dollar weakness over expectations of potential quantitative easing from the FED. During the second half of the trading day, the euro had pared most of its losses on poor US Retail Sales data and actually rallied 114 pips from the session low at 1.2176 to the session high at 1.2290.

In this technical analysis video, we will identify trade entries around common areas of support & resistance, and also discuss future movements for the EUR/USD pair.

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