EURUSD gives the sellers a small victory in the short term ...Middle East

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Technically if the price can now stay below the "Red Box" and the swing area at the low of that box from 1.1001 to 1.10145, the sellers are "in play" with hope. Move back above, and the sellers could lose interest quickly and buy back - especially going into a weekend.

On the downside, the next target is

1.0936 – 1.0954 (swing area on the chart above)1.08586 (100 hour moving average) This article was written by Greg Michalowski at www.forexlive.com.

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