Forex Technical Update 8/17/2010 - Mixed USD Trading; Euro Firms while Pound Slides

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Uploaded by on Aug 17, 2010

Forex Technical Update 8/17/2010
FXTimes
Fan Yang, CTA

The USD is in mixed trading today. The EUR/USD strengthened slightly while the GBP/USD slid, but still remains in consolidation. The USD/JPY is following our bullish count scenario so far and we will get a very important clue today. The USD/CAD is declining after testing resistance. Finally I will follow up on the EUR/GBP, which is in a strong pullback that is challenging my bearish outlook.

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