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Well?
Prices did not breakout above the relative high in EUR/USD or AUD/USD, thus no entry was triggered.
Various people are starting to advocate a USD rally. In reference to contra opinion this might be a good sign that the USD may start to fall so. The time to sell USD will be when I change my tune and become a USD bull! LOL
The long-term fundamentals for the USD only get worse by the day. The trade deficit numbers (a record -43.1 billion for Jan) are very bearish to the USD long term. Even to Alan Greenspan who believes increased globalisation makes it easier to fund deficits must be worried. The composition of the deficit was very interesting. Oil and China accounted for most of the deficit. It would appear that these two components are just going to grow over time.
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