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March 30, 2012

EUR/USD Rally Might be a Bull Trap; 1.3385 is Key Resistance

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The EUR/USD rallied from 1.3250 after the Jobless claims data in the 3/29 US session. It has stalled out at 1.3373, just below this week's high at 1.3382. Note that the market this week has bee in a corrective structure, (ABCDE), after which the RSI in the 1H chart pushed above 60. However, the... FF News: Technical

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