The Fred Report - Weekly July 29, 2013
For those leaving for some vacation, the market should be fine for another week or so, but Monthly FPO’s are now in dangerous territory. The dollar also looks to strengthen after this burst of short-term strength in the FXY and FXE. Since the low, on May 22nd, FXY has been consolidating but with an upward bias, and it now appears that a test of the highs in the 104 area should occur in the next month or so.
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