Prepared by Jamie Saettele
"The strong counter trend rally is materializing as expected and levels to expect resistance are 13375 and 13475 (50% and 61.8% levels). 13400 reinforces the 50% level as the 161.8% extension of the 12968-13181 rally. The larger trend is down against 13785." The EURUSD is facing trendline resistance as well so the larger downtrend may be about to resume.
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