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Old 04-18-2012, 06:27 AM
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Default EUR/USD trading lower amid Euro Zone debt crisis fears

EUR/USD is trading lower Wednesday amid fears of a resurgence in the Euro zone debt crisis.

Looking at the daily chart we can see that the EUR/USD has been in a tight 518 pip range since January. The upper line of the channel is backed up by the nearby resistance of the 200 day moving average.

Chart courtesy of thinkorswim
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