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MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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EUR/USD: Pushing Higher

EUR/USD continues to rise, breaking the resistance at 1.3281 (see also the declining trendline). Next resistances can be found at 1.3345 (intraday high) and 1.3410 (23/08/2013 high). Hourly supports are at 1.3281 (previous resistance) and 1.3230 (10/09/2013 low).

A potential medium-term top has been made at 1.3452, favouring a medium-term bearish bias. However, the lack of follow-through after the break of the support at 1.3190 suggests thus far limited medium-term downside risks. A key support stands at 1.2994.

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