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Decision Time

Decision Time

Last week, I mentioned that…

5 Big Drivers of Higher Inflation Rates Ahead

5 Big Drivers of Higher Inflation Rates Ahead

Investors got lulled into a…

Stocks Fail to Hold Gains, But Still No Correction

Stocks Fail to Hold Gains, But Still No Correction

The U.S stock market indexes…

EUR/USD: Approaching a Strong Resistance Area

EUR/USD rose sharply yesterday and broke the resistance at 1.3046 (04/12/2012 low). It is now close to the strong resistance area defined by 1.3127 (05/12/2012 high) and 1.3172 (17/09/2012 high). Hourly supports are at 1.3056 (intraday low) and 1.2982 (intraday low).

The underlying trend is negative (see the succession of lower highs since May 2011 peak). Therefore we expect limited upside potential given the strong resistance at 1.3172 (17/09/2012 high) and the general overbought conditions.

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