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November 28, 2011

EUR/USD: Temporary unwinding from oversold conditions

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•Lowered stop to breakeven, thereby ensuring a risk-free trade. EUR/USD is temporarily unwinding from oversold conditions. However, it is still likely to see the bearish impulsive move is extend from key overhead resistance (primarily a 2 year trend and its long-term 200-day average). •Bearish s... FF News: Technical

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