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The USD Index's clear and impulsive relapse below last week's 74.61 low has wiped out the bullish divergence in short-term momentum that exposed only an interim bear market correction. As a result, the major bear trend in the USD has resumed and has been met with continued gains in the typically inversely correlated gold and silver markets. Please review today's Technical Webcast for details that include the definition of Mon's 1.4156 low in the Euro as this market's new key risk parameter to a continued bullish count.
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