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Tuesday 13 July 2010

2010-07-13 2:21 GMT +1

I see 2-day pinbar on EU daily, and certainly this pair deserves few pips of retracement. I don't feel like trade it, but till morning all may change.

AUDUSD is a big thing. 0.8790 is a key level of resistance, there is round number just above it, so I would expect price to bounce from there, but final break [on second or third approach] will be a great deal to long there.

Gold and Dow are doing good, what keeps me sure that risk appetite prevails on the market, and current moves are only corrective ones.

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