Daily FX Analysis

December 10, 2012
EUR/USD Euro seems to be losing more and more strength against the US Dollar, constantly making new lows and with all retracements reversing once they touch the down trend line drawn on the Hourly chart and seen in the picture below.
December 10, 2012
EUR/USD
December 10, 2012
EUR/USD The 3 way confluence around 1.2880 resistance area provided a good reversal for the initial Election related move and price even broke the low at 1.2760 with a little help from the worse than expected Retail Sales numbers for the Euro zone.
December 10, 2012
EUR/USD

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