beast_master wrote:The recent jawboning of Bernanke and Tim Geithner against the dollar now weakens the resolve of the investing community. As Geithner revealed yesterday that the stimulus program will be extended till Oct 2010 halted the strength of the dollar. The EURUSD is now showing a double bottom and at the same time a bullish divergence at the hourlies. It will be just a matter of time for a move to the upside materializes as long as the 1.47 lows is not broken. I'll probably wait for it to move back to the original trendline before I go long on this one.
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