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I found this fascinating quote today:

The euro broke through resistance at $1.50 before retracing to test the new support level. Respect would offer a small-term target of $1.53. Momentum holding above zero confirms a strong up-trend; the bearish divergence so far indicates consolidation, but reversal below zero (while unlikely) would signal a correction. Expect a test of $1.60 in the medium to long-term.mysupergenie.com, Forex Day Trading Signal, Dec 2009

You should read the whole article.

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