Following another drop below 1.3500 for the EUR/USD, the market found a bottom at 1.3460 before bouncing back 100 pips to close the day at 1.3660. Weve been expecting a retracement but wanted to see 1.3500 hold. Still not a good picture of whats happening. We are still not certain about Greece and their outcome, as well as how the US healthcare bill will affect the dollar. Still very little correlation between some of the majors so we are going to look at the market with caution.
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