Dollar squeeze continues

Written January 23, 2012 at 10:22 AM EST by  

The EURUSD has continued the squeeze higher.   The pair moved to another high for the dayafter consolidating for an hour or so in NY trade.  The.market is short and as a result it becomes sensitive to good news.  If Greece is thought to come to an agreement, if Consumer Confidence is a touch better, if stocks move higher, if a trendline is broken - all have the potential to move the price higher with a short market. That is what we are seeing.

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