The EURUSD Can Not Find A Bounce These Days. In Early New York Trading Rumors Were Circulating Of A Possible Announcement Of An Organized Multi-National Central Bank Intervention But These Rumors Turned Out To Be Just Rumors. Once North American Trading Began The Pair Dropped For The Remainder Of The Day. We May See A Bit Of Profit Taking Into The End Of The Week, Which Could Produce A Bounce. Daily Price Support Begins At 1.2515 But I Would Rather Focus On Long-Term Daily Support At 1.2480. The Pair Is In Deep Water Now And Any Support Zone Until The 1.2150 Is Really A Fib Extension, Such As The 1.272 Fib At 1.2388 Resent Lows. Not Great For Trading. Resistance Is At 1.2625.
Sup 1.2515 1.2480
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