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Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - Few minutes ago Moody's just downgraded France's government bond rating to Aa1 from Aaa, making the EURUSD initially collapsing from fresh weekly highs above 1.2810 to present session lows at 1.2780.

The pair had a nice bullish run in the early NY trade printing fresh weekly highs at 1.2820 and finding resistance in that area ever since. EURUSD is currently stalling the fall at around the 50% Fibo retrace of the run up since yesterday's weekly start with lows at 1.2776, already below London's highs.

Immediate support to the downside lies at Nov 05/06 lows at 1.2765, followed by weekly/Nov 07 lows at 1.2737, while closest resistance shows at Nov 15 highs 1.2801 and Monday's highs 1.2820.
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