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Dukascopy Daily Forex Overview
Published by InformedTrades
08-11-2008



Default Dukascopy Daily Forex Overview
Dukascopy Daily Forex Overview

On Friday, the dollar surged higher across the board and took out some important technical resistance levels, which if confirmed this week would improve the technical picture for the greenback. EUR/USD fell below its previous sideways range below the 1.50 mark, while USD/JPY took out the 110 level. The dollar gains weren't immediately related to a specific data release, but should be placed against the background of a deteriorating outlook for the global economy.



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