The market is looking ahead to tomorrow’s data and and Bernanke and it’s unlikely we’ll see a sustained breakout from the current range in the U.S. Dollar Index. The U.S. Dollar is bouncing within a 20 tick range just below the breakdown through 80.00. This range has a low of 79.80 and prices seem to be settling quietly within this narrow channel. The majors are trading in range-bound patterns like the GBP/USD 60 minute cha[...]
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[Source: The Money Blogs]
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