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The EURUSD daily chart has formed a Bullish Rejection candle. This bullish price action has formed with the strong recent up-trend and at near term support.
If price moves higher from here price could look to test the near term resistance around the Very Big Round Number of 1.300. If price falls lower and through the low of the bullish rejection candle we could see the next support come into play around 1.2750.
EURUSD DAILY CHART – 28 SEP 2012
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