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Dollar Remains Primed for Breakout Against Euro, British Pound

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11-19-08, 06:06 PM

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Dollar Remains Primed for Breakout Against Euro, British Pound

The Euro remains in a tight wedge formation against the US Dollar, with Rangebound price action likely to culminate in breakouts through short-term currency trading. Given a previously bearish bias on the Euro/US Dollar pair, a downside break and further US Dollar strength seems the more likely outcome. Near-term EUR/USD...

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