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Tuesday, May 01, 2007

Golden Week Continues

The Euro continues to be the talk of the town, as last week’s net long positions increased to a new record high for the third straight week. With this much bias, the market is ripe for a violent corrective swing lower. Traders should watch this week’s economic data for bearish news, and hop aboard the pain train as the EUR/USD will head straight for the 1.3600 level and beyond. Read More.....