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Forex Trading: EURUSD Rallied strong, then back down to moving averages

Posted by Greg Michalowski on Fri, 04/04/2008 - 8:06am in

The EURUSD rallied strongly off the weaker number than found sellers which led to the longs getting caught and selling.  These markets are dangerous when they run counter to the expected trend.  Will be watching the levels and see how stocks move.

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