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EUR/USD: Deeper Correction

EUR/USD bearish momentum has stalled around support at 1.3820 (old resistance). Failure to find support here, followed by a clear break under 1.3820 (02/02/2014) region, will warn of a larger downside corrective phase to 1.3673.

In the longer term, EUR/USD is still in a dominate uptrend, suggesting additional upside can be anticipated. A significant resistance now lies at 1.3876 (24/03/2014 high).

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