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EURUSD: Trend Change in Progress?
Our EURUSD short at 1.3829 was stopped out as prices closed above the stop-loss level at 1.4035. Beyond invalidating the March 7 swing top, the key question going forward is whether last week’s price action amounts to a trend-changing development with the break above falling trend line resistance established from the record high above 1.60 set in July 2008. Two alternative – and equally valid …
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