I think much of the current action is due to fundamental factors rather than technical. Let see..nowadays there are lots of rumours that the stupid Bush is planning to attack on Iran nuclear facilities. This is DOLLAR BEARISH. The Federal Reserve also may not be tempted to raise interest rates preemptively. At least not until 2Q or 3Q. There's a classic MACD bearish divergence on 4-H chart. I'll stay aside.
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