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November 9, 2012

EUR/USD Slipping Away from 1.28

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ECB reaction: The EUR/USD consolidated yesterday after the ECB statement and press conference. I noted that a pullback was insignificant unless it broke above 1.28, and it did not. It came up to 1.2788 during the 11/9 Asian session, but fell sharply during the European session. Downside: As we get... FF News: Technical

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