Jan 12
As we mentioned early on Friday in our post before the NFP data, the Euro and Pound were holding critical support areas. After a release of data that fell way below expectations on payrolls it seems it’s time to punish the US Dollar once again.
The downtrend which has been in place over the last year could well come into play once again, with the DX testing the congestion area from August 2009 over the last week it is now looking in danger of falling back from it. Any Dollar negative …
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