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Wednesday, March 31, 2010

Can the Euro Still Bounce?

They may not hold, but the bruised, battered, and just about left for dead Euro is showing signs of life in overnight and pre-market trading, boosted by fiscal consolidation measures taken by Greece. EUR/USD has lifted well above Tuesday's lows and is trying to complete a short-term bullish pattern, to boot. Gold is responding in kind, also showing early gains that, while still fragile, are worth watching here. Too soon to bank on it, but ready for the radar.


Trade well.

-- Brinkley
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