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Foreign Exchange Market Commentary

Discussion in 'Technical Analysis' started by ActionForex.com, Nov 16, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    EUR/USD closed higher due to short covering on Friday as it consolidated some of Thursday's decline. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning bearish signalling that sideways to lower prices are possible near-term. Closes below Thursday's low...

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