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EUR/USD, Rising Retracement Again

By: Bradley C. Smith

            Price action showed comfort at 1.3350 level for the EUR/USD pair yesterday. Bollinger Bands, Full Stochastics, StochRSI and RSI are all screaming for a lift from the depths. No hard new releases today might allow a slow retracement for this pair today.

            The flatlined three hour charts seem to be done with the downward movement of this pair. For the reasons explored in the above paragraph I would isolate any trades to longs today.


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