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Trade Against The Retail Herd 23rd Feb

Submitted by Pivotfarm on 02/23/2011 03:43 -0400

What's new today?

EURCHF reverted back into the short zone in yesterdays session, today we have CHF PPI at 03:15 EST which is likely to have an effect on this positioning. After some strong selling in the early part of yesterdays session a recovery ensued in EURUSD, the pair is now in the long zone.

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Provided by Pivotfarm via the Technical Analysis bog

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