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Monday 25 August 2014

EUR/USD finally touches FIBO 161.8%

After 22 days of swim, EUR/USD this morning opened with a gap down and finally touches FIBO 161.8%
So what's next?  FIBO 161.8% is also a support level.  If the bear continue pounding, look for any candle sign at 1.3105 level.  If 1.3105 could not stop the bear from pounding, the next level that I will be looking at is 261.8%

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