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EUR/USD, Technicals Takin' it Down Today

EUR/USD, Technicals Takin' it Down Today

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11 March 2010 2:28 PM GMT

Both hard news releases counteract each other. So the Bollinger Bands, Full Stochastics and StochRSI being above their centerlines will have to direct our trades downward. The RSI does not object just being a hair below it's centerline.

EUR/USD, put to the three hour chart has all four of it's technical indicators in agreement. They are ready for the price to move down, just look at the screenshot.

8:30am est USD

Trade Balance Forecast -40.9B Previous -40.2B

8:30am est USD

Unemployment Claims Forecast 456K Previous 469K

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Live Rates

Symbol	Change	High	Low

EUR/USD	0.0005	1.3283	1.32
AUD/USD	0.0062	1.0777	1.0684
EUR/GBP	0	0.8401	0.8368
EUR/JPY	-0.03	103.17	102.28
GBP/USD	0.0005	1.5826	1.5761
USD/CAD	-0.002	1.0015	0.9975
USD/CHF	-0.0002	0.9159	0.9106
USD/JPY	-0.01	77.77	77.41

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