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27/12/2011 00:53 AST
The EUR/USD remains steady on Monday, on a low volume session, trading around 1.3050/70. "The fact that the prices have remained below the important 1.3195 Fibonacci level is a sign that the current downtrend not only remains intact but it is still powerful enough," wrote Alexander Nikolov from Trend Recognition. He expects the pair to drop to 1.2870 this week. "However, a strong rebound is likely to commence in January, so taking profits on the next decline seems prudent."
FXstreet
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
US Dollar | 1.00 |
Saudi Riyal | 3.75 |
Derham Emirati | 3.67 |
Qatari Riyal | 3.65 |
Kuwaiti Dinar | 0.30 |
Bahraini Dinar | 0.38 |
Omani Riyal | 0.39 |
Euro | 0.81 |
British Pound | 0.71 |
Japanese Yen | 104.70 |
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