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April 23, 2012

Risk Currencies on Verge of Collapse against US Dollar

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EURUSD – I wrote Friday that "the end of week rally is probably a last gasp before reality sets in for the EURUSD." Today's action confirms as much. Look lower towards 12900 and channel support. Watch the channel closely as a drop below would be a 'tell' that the decline from 13379 is a 3rd wave... FF News: Technical

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