EUR/USD technicals: Double Fibo resistance at 1.3830/40

12/10/2011 | 21:53 GMT

The 38.2% of the entire 1.4935/1.3145 fall comes in at 1.3830. The 50% of the 1.4540/1.3145 3rd wave comes in at 1.3840. These levels are providing very strong resistance. Support should be initially firm at 1.3675, so once again, play the edges.

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