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EUR/USD Technical Analysis Aug 1, 2011

posted by Avatar FXEmpire 660 days ago in USD, EUR, Technical made popular 660 days ago

The EUR/USD pair fell, and then rose on Friday, as traders really don’t which side of the Atlantic is worse right now. Because of this, the pair will be choppy at best. However, if the markets get a deal out of Congress that it likes in the debt limit discussion, this pair could turn decidedly bearish. We look to sell rallies because we think it is
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