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Dollar correcs lower as oil declines

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Friday, the dollar fell prey to modest profit taking as equities and especially oil returned part of the gains build up earlier in the week. However, the moves were only of intraday significance. The US eco data were mixed, but the production output and the Michigan consumer confidence disappointed. EUR/USD rebounded temporary north of 1.13, but closed the session at 1.1284, only slightly higher above Thursday ‘s close of 1.1268. USD/JPY finished the session at 108.76 (from 109.40). During the

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