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Collins: Bullish sentiment in EURUSD
Alan Collins from 3c Analysis believes there is potential for a “substantial” correction to the upside in EURUSD. The currency pair quickly rebounded from its session low of 1.0660 yesterday, suggesting a bullish tone in the market. Concern over Friday’s meeting regarding Greece’s debt amongst Euro zone finance ministers drove the euro lower on Tuesday. Alan points out that the setbacks seen this week have been curtailed by the 13 day moving average on a closing basis.
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00:50 minutes
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