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August 23, 2012

EUR/USD At Resistance with Overbought Conditions

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The EUR/USD rallied during the late 8/22 US session, after the FOMC released meeting minutes that showed more urgency in QE consideration. That softened the USD across the board. The EUR/USD eventually climbed above the 1.2550 handle during the 8/23 Asian-European session. As we head into US trading... FF News: Technical

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