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Thomas Long, Course Instructor

We see a series of higher highs and higher lows which started last spring and continues through to today. Each pullback has been met by support and enough buying to push the pair up to new highs. At some point this will change, but as trend traders you just have to assume that the odds of another new high are greater than this being the top. I would continue to look for buying opportunities on this pair as long as it can remain above the .9120 low as noted on the chart.

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