Price action on EUR/USD (a daily chart of which is shown) as of Monday (12/20/2010) has continued its bearish stance from last week that originated off a shooting star candle which reached up to the 1.3500 price region (a 38.2% Fibonacci level) and re-tested the underside of the broken uptrend line extending back to the June low. For more technical analysis on this currency pair, please click here for Monday’s (12/20/2010) Chart of the Day.
James Chen, CTA, CMT
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