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May 24, 2012

US dollar extends advance despite S&P 500 resistance break

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US Dollar continued to press higher despite an upside break from the S&P 500 but highly overbought technical studies warn that a pullback may be nearing. S&P 500 – Prices broke through resistance at 1322.10, the 23.6% Fibonacci retracement, after completing a Bullish Engulfing candlestick patte... FF News: Technical

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