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Author Topic: Foreign Exchange Market Commentary  (Read 3655 times)
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« on: January 24, 2010, 11:09:39 pm »

Foreign Exchange Market Commentary

EUR/USD closed higher due to short covering on Friday as it consolidates above the 38% retracement level of the 2008-2009-rally crossing. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are oversold but remain bearish signalling that sideways to lower prices are possible...

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