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USD rally running into resistance, for now

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Friday, the last trading day of the month, investors secured some of the recent dollar gains. The dollar drifted lower against the euro and the yen during most of the session. The eco data in Europe were OK. The US data were mixed, but the dollar lost slightly further ground after a weaker than expected final Michigan confidence. However, the setback of the dollar was short-lived. The dollar even regained most of the losses later in the session, even as Fed Williams ‘downplayed’ the hawkish

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