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    Duane
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    Posts: 1,095
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    This chart says that we could have a stronger dollar by the end of the year.



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    JI
    jimkane
    Rep: 3,058
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    Recall my posting in Jim's Thoughts on the critical areas we were reaching on all the currencies, and the dollar index, right as the market hits into key areas. Your chart shows quite nicely why the Euro is at just such a key area. And it saw the area plain as day. What it does from here may tell the tale for years to come for everything.
    MR
    mreiserer
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    Posts: 2,220
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    Key spot circa 1.3780 will be first real test
    JI
    jimkane
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    quote:
    Originally posted by mreiserer

    Key spot circa 1.3780 will be first real test
    And we all know why that is (everyone out there better know!)...
    MR
    mreiserer
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    Posts: 2,220
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    Euro reacting in area



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    MR
    mreiserer
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    Euro at a key area here
    MR
    mreiserer
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    Euro is about to completely negate that bearish ABCD at the .382/447 without much of reaction at all. Now that should tell us something.
    This isn't over by a long shot imo
    JI
    jimkane
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    Yeah, it tells us they liked that Danish finance minister saying he thought a strong Euro implied strength in the economy, and it was a good thing. They asked him about it hurting their export position, and he said it wasn't a worry at all. As I said, way behind the curve and totally unrealistic. But what do I know...