EURUSD – Monthly Analysis for January 2015

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EURUSD shows a continuation of the bearish trend EURUSD closed the month of December on a bearish note at 1.2099, (1.21 rounded off), losing close to 3% for the month. The monthly candlestick formed a bearish Marubozu type of candlestick pattern which is indicative of a continued bearish downtrend. The close comes just a couple of pips below a major support level of 1.23 - 1.223 levels, which p...

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