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Foreign Exchange Market Commentary

Discussion in 'Technical Analysis' started by ActionForex.com, Jan 7, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    EUR/USD closed lower on Tuesday and below the 20-day moving average crossing confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If...

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