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Thomas Long, Course Instructor

Yesterday traders seemed to be willing to take on risk in search of solid returns, but this new high could indicate that not all traders are comfortable with what they may see as continued uncertainty. At the same time, we are seeing the EUR strengthen, which had been perceived as more of a risk acceptance type of play. This will be worth watching to see if one of these markets reverse and how that may influence the other pairs.

Gold_body_66950d1284474217-chart-day-gold-914.png, Gold

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.