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March 22, 2012

EUR/USD Loses Momentum; Forms Head and Shoulders Pattern

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After the market had a double top, pullbacks respected the pivot at 1.3250, and the market slide sharply over the 3/22 European session. In the 1H chart you can see the RSI fail to return above 60 and now dip below 40 showing loss of bullish momentum. Also, heading into the 3/22 US session, price... FF News: Technical

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