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US figures out today have the power to move the markets which at the moment are
trying to bounce, perhaps in anticipation that the figures are good. However the
EURUSD is still sick, nothing has changed there. Its Euro weakness that dragged
the general market down.
If the Euro soon drops through the support level its making, taking another leg
down and the S&P bounces on good figures it will be an interesting divergence!
Here is a chart of the EURUSD showing its latest support area.
Day traders trade around the big picture whilst swing traders look for the next
major swing. You can learn both styles of trading and profit from the volatility
that exists in today's markets just e mail me at alanrichtrading@aol.com
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