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Thursday, August 14, 2008

Not moving

EUR/USD & USD/CHF have not been moving much since yesterday.
Trapped in a tight range, could they be waiting for CPI and Unemployment Claims?
Seems like everyone is into selling any currency against usd and buying usd against any currency, which seemed not to work for German GDP and EUR CPI earlier today.
I'm kinda expecting USD to take a break from the bulls, drop a li'l and range for awhile though before moving up again as EUR/USD has been bouncing off a support which acted as a resistance in 11/07 and 01/08


Then again, i might be wrong.
Whatever it is, just follow the market.
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