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Euro Remains Near Low
Wednesday, 14 November 2012 06:33 GMT+2
 The euro remained near a two month low against the dollar, as uncertainty over Greece and weak German economic sentiment showed little support for the currency.  Another meeting of the 17-nation Eurogroup is due to take place on Nov. 20 but officials said more negotiations will probably be needed to nail down a deal.
Technical Analysis
Currency Pair EUR/USD GBP/USD EUR/GBP USD/JPY EUR/JPY EUR/CHF DOW
Resistance 2 1.2765 1.5945 0.8070 80.00 101.75 1.2120 12900
Resistance 1 1.2730 1.5910 0.8030 79.80 101.30 1.2100 12880
Market   1.2720 1.5880 0.8006 79.50 101.11 1.2030 12755
Support 1 1.2690 1.5850 0.7980 79.05 100.80 1.2000 12690
Support 2 1.2660 1.5810 0.7940 78.60 100.45 1.1970 12600
 
 
Trade Idea
 
USDCAD
The pair is still holding is ground even though it is struggling to break above the 1.0030 resistance level.  A break of this level should take the pair to 1.0050 and 1.01.  While a failure to penetrate this level should have it extended towards the 1.0085 support level.

 
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