No end to bearish trend in euro/dollar in sight

Date: Tuesday 04 Nov 2014

Digital Look technical analysts noted on Tuesday that there seemed to be no end to the decreasing highs and lows in euro/dollar trading.
"Although we will undoubtedly see the occasional bounce, these instances have shown themselves to be short-lived," these experts said.

They concluded by pointing out that the pair had no important technical support until 1.2040, with the nearest resistance being at 1.2771.

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