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Looking to Sell Euro Rally

Looking to Sell Euro Rally

2011-05-17 11:01:00
Joel Kruger, Technical Strategist
Share:

The market is in the process of correcting following the latest sharp drop off from just shy of 1.5000 and we see risks for additional upside on Tuesday above 1.4300. However, the projected daily ATR high and 50-Day SMA directly coincide by 1.4315, so any additional updside beyond there is seen limited on Tuesday.

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