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Contributors Chart Of The Day For January 7th, 2014 – EUR/USD

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  • Prices moved lower as expected after showing a Bearish Engulfing candle pattern
  • A break below 1.3594 (50% Fib) exposes 1.3523 (61.8% Fib); we’re holding short
  • Reversing above 1.3664 (38.2% Fib ret.) targets 1.3751 (23.6% Fib ret.)

chart

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