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EUR/USD Forecast: August 22, 2013

EUR/USD Forecast: August 22, 2013

EUR/USDThe pair is trading along an downtrend.The downtrend may be expected to continue while pair is trading below resistance level 1.3330, which will be followed by reaching support level 1.3275/55. If it keeps on moving down below that level we may expect the pair to reach support level 1.3200.An uptrend will start as soon, as the pair rises above resistance level 1.3380, which will be followed by moving up to resistance level 1.3415.Resistances: 1.3350, 1.3380, 1.3415, 1.3450Supports: 1.3380, 1.3275, 1.3255, 1.3200

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