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Friday, October 23, 2009

Euro and Dow Challenge Psychological Barriers, Will The Rally End?

The EUR/USD has been held in check by the psychological resistance level of 1.500, which the pair recently broke above for the first time in over a year. We have seen a similar scenario with the Dow and 10,000 which could be expected as the blue chip index is currently explaining 61% of price action for the pair.

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