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EURUSD rally – now you see it, now you don’t
Yesterday’s EURUSD rally revealed that Euro shorts are rather heavy, but the on-going story continues to make it tough for the single currency to maintain any upside traction. EURGBP has hit a fresh 15-month low. We were ready to accept that yesterday’s reversal in the Euro might be the beginning of a consolidation phase that might last for a week or more, particularly given the widely covered massive short exposure to the currency among speculators. But today’s events and the firm rejection of most of the rally today suggest that the story may be more oversold than the currency. If we have a glance over at the ... (full story)
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- Jan 4, 2012 12:11pm Jan 4, 2012 12:11pm
- ssshhhh
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- Jan 4, 2012 12:19pm Jan 4, 2012 12:19pm
- spekitox
- | Joined Sep 2008 | Status: Lucky Man | 715 Comments
forget about tomorrow, just steal away into the night
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- Jan 4, 2012 12:23pm Jan 4, 2012 12:23pm
- ssshhhh
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- mima
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The Market pays you to be disciplined
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- Jan 4, 2012 12:33pm Jan 4, 2012 12:33pm
- ssshhhh
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- ssshhhh
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- pipols_champ
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