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Dollar Rally Is Viewed as Corrective

Discussion in 'Technical Analysis' started by ActionForex.com, Mar 5, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The dollar rally is viewed as corrective within the larger decline. Look for an to the USD rally near USDJPY 104.75, EURUSD 1.5075, and GBPUSD 1.9665. There is no change to the EURUSD outlook from yesterday. “Wave 5 within the 5 wave rally from 1.4438 may be underway now. Wave...

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