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June 27, 2012

US dollar, S&P 500 stall at familiar levels before key EU summit

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The US Dollar and S&P 500 are trading around familiar ranges as financial markets wait for the outcome of the EU leaders' summit for direction cues. S&P 500 – Prices are retesting resistance in the 1334.40-1341.90 area after bouncing from support above 1305.90, the 38.2% Fibonacci expansion. A ... FF News: Technical

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