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Trade Against The Retail Herd 4th Apr

Submitted by Pivotfarm on 04/04/2011 02:15 -0400

What's new today?

AUDUSD and EURUSD are building a firm position in the strong long zone GBP pairs with the exception of EURGBP are in neutral territory. Today we have Construction PMI at 4:30 am EST, if this event results in a strong deviation from consensus its likely that we could see some changes in retail positioning.

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Provided by Pivotfarm via the Technical Analysis blog

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