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Archive for October, 2006

Dollar Gets Slammed

EUR/USD – The EURUSD pushed through to 1.2750 on Friday to Finish October on a positive note.  There is a well constructed 5 wave rally from 1.2524 to 1.2750 and probability thus favors a correction lower with initial Fibo support at the 38.2% of 1.2524-1.2750 at 1.2664.  240 minute RSI is still overbought and a [...]