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Tuesday, June 30, 2009
EUR/USD Climbs After Better Than Expected Unemployment Change
The EUR/USD is knocking on the door of our 3rd tier uptrend line after Germany’s unemployment change came in lower than analyst expectations. Despite today’s pop in the currency pair, the movement comes on declining volume, giving us little reason to believe the EUR/USD can push through our 3rd tier uptrend and downtrend lines today.
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