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21 Feb 2013
Forex: EUR/USD serious technical damage is being inflicted - BBH
After the slump seen in EUR/USD within the last days, the BBH analyst team notes that "serious technical damage" is being inflicted.
"The euro is falling through the uptrend drawn off last July (Draghi-induced) lows", BBH notes. "It comes in just below $1.3200 today. The next technical target is near $1.3070-80".
"The euro is falling through the uptrend drawn off last July (Draghi-induced) lows", BBH notes. "It comes in just below $1.3200 today. The next technical target is near $1.3070-80".