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Trade-weighted nearing cycle top

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Monday, the dollar remained strong and the euro stayed in the defensive, even as the EMU PMI’s were fairly strong. Oil rebounded and supported temporary the likes of the Norwegian Crown and the Canadian dollar, but the impact on the US currency was limited. EUR/USD even touched a minor new low just below 1.06. The pair closed the session at 1.0636, only marginally lower compared to Friday’s close of 1.0646. USD/JPY end the session little changed at 122.84 from 122.81. Overnight, Asian

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