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May 17, 2012

US dollar may pull back after prices set new yearly high

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The US Dollar has scope for a corrective pullback after prices hit a new 2012 high yesterday, which may produce a short-term recovery in the S&P 500. S&P 500 – Prices took out support at 1331.50, the 123.6% Fibonacci expansion, to challenge the 138.2% level at 1322.00. A break below this bounda... FF News: Technical

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