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Monday, December 21, 2009

Holiday Sleigh Ride

Bearish sentiment has remained, keeping the pair below .8900 which bodes well for the trade. Dow's up near +100 for the day, and the Aussie doesn't seem to mind.

Moving stop to .8940 to remove some risk. This is today's low plus some ATR based wiggle room. If it nears there a re-entry should be planned.


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