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Euro-Dollar remains inside of a falling channel for the past 18 months in the chart above.
The Euro-Dollar rally of late has taken it back to the top of this falling channel, while hitting its 38% Fib retracement level. According to Sentiment Trader.com, Euro-Dollar bulls stand at 83%.
The inset chart of the US$ reflects that 35% of investors are bullish, while the Dollar is at the bottom of a rising channel.
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Gold (GLD) & Silver (SLV) look similar to the Euro-Dollar of late, in that they have rallied back to the top of trading ranges. Both metals of late have broken steep support lines at the top of these ranges.
Premium & Sector Sentiment Extreme members went short Silver near the top of this range a little over a week ago due to resistance and the currency situation. (see post here)
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