Current rally above indicated resistance at 1.5441 (last week's high) adds credence to our view that the erratic rise from 1.5170 low is still in progress …
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Looking at the 5 minute chart, the pair has been stepping higher in a trend like move in trading today (fast, directional and a larger trading range).
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Traders said the Chicago Purchasing managers' index for May and the final University of Michigan consumer sentiment for May could print above …
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As dollar has slipped again after intra-day brief bounce to 0.9479, retaining our view that further consolidation is in store and another corrective fall …
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