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Wednesday 5 May 2010

I see very attractive pinbar on daily gold. Situation in europe is now unattractive, however dollar seems for me to be strong enough to not to push EU much lower. In such a circumstances I would keep all my money in gold for safety reason.

As for EURUSD I expect this pair to not to fall much lower I think tomorrow ECB rate decision will be a strong signal for traders to get rid of their short positions.

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