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European Market Update: Major European Services PMI Revised Lower

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 4, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Dealers noted that USD had developed a key reversal formation, a technical signal suggesting a near-term trend change and USD strength. The greenback moved off multi-month lows in trading on Tuesday. In USD majors, USD/JPY spiked toward 107.50 in early Asia before consolidating back below 107.00[​IMG]

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