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has rallied a bit during the trading week to show signs of life but has given bank gains yet again. Ultimately, this is a market that continues to be very noisy, so keep that in mind.
Whether or not we can break down remains to be seen, but right now it remains a “fade the rally” market.also rally during the week, but it looks as if we are going to continue to see a little bit of hesitation. The 1.06 level continues to be a bit of a magnet for price; therefore, I think it will continue to see a lot of noise. If we break down below the bottom of the weekly campsite, then it opens up the possibility of a move down to 1.03, followed by parity.
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