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Foreign Exchange Market Commentary

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07-19-08, 02:35 PM

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Foreign Exchange Market Commentary

EUR/USD closed higher due to profit taking on Thursday as it extends last week's decline. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted. If it...

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