We seem to be stuck in some mud. We continue to talk about the uncertainty of the market, the lack of direction, and the lack of correlation between the majors. The commodity pairs are very stubborn and don’t seem to turn over with the rest of the majors when the dollar strengthens. The EUR/USD will once again be testing 1.3430, currently trading at 1.3475; will a break lower make a larger swing down to the 1.33s or will we see another bounce into the recent range? We are anticipating the buck to continue strengthening but the problem with this is timing. How many times will we bounce before we see a definitive trend? We’ll see what the next 24 hours bring us.
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