Foreign Exchange Market Commentary

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03-03-2010, 04:36 AM

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Foreign Exchange Market Commentary

EUR/USD closed higher due to short covering on Tuesday as it consolidates above the 62% retracement level of the 2008-2009-rally crossing. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are bullish hinting that a low might be in or is...

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