Foreign Exchange Market Commentary

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EUR/USD closed higher on Thursday as it extends this week’s short covering rally. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. Today’s close above the 20-day moving average

Post Title: Foreign Exchange Market Commentary
Author: admin
Posted: 31st December 2010
Filed As: Forex, Technical Analysis
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