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August 3, 2012

Selling into the EUR/USD Intraday Rally

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The EUR/USD rally strongly higher towards 1.2400 (with a high at 1.2391) as the U.S. Dollar Index sunk to 82.36 after Thursday 83.61 high. The dollar weakness has presented an opportunity for euro bears: Short into today's strength as it corrects what has been an overall downtrend in the pair. Th... FF News: Technical

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