Euro Slips after Retesting Trend-Line Once Again

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The common currency is giving back the gains from the previous day. The declines come after the euro rose to a new two and a half year high on Wednesday.

However, following the gains, prices retreated off the trendline. For the moment, the bias remains mixed, although there is a good chance for a move to fill the 31 December close at 1.2215.

To the upside, further gains can come only if the EURUSD can breakout past the trendline which is acting as resistance for the moment.

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