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January 9, 2012

EUR/USD Breaks Above Channel; When Will Market Sell Again?

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The 1H EUR/USD chart shows a market anchoring out of a declining channel. This suggests it is ready for a correction. So far, the correction has developed 1 leg up rejected at 1.2780. This move also pushed the RSI reading to 60, where it fell back, reflecting maintenance of the bearish momentum.... FF News: Technical

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