30/12/2014 EURUSD continue to plunge after failing to hold above 1.2163


EURUSD remains highly bearish with candles seeking to break below the downward sloping trend channel. The next level of exhaustion to take note of is Fibonacci extension 200.0% at 1.2010.

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The pair found its resistance at 1.2218 and broke below the support price at 1.2169.

For intraday traders, Fibonacci extension 261.8% at 1.2084 is the next level of exhaustion which a retracement may take place.
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Trend Direction
S2
S1
R1
R2
R3
Bearish1.20001.20841.22181.2270 1.2308

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