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Euro/dollar and Dollar/yen both neutral Using Relative Strength Index

Posted by WorldWideMarkets . on Jul 12, 2013 3:29:00 AM

yen tradingThe euro/dollar was over sold and the dollar/yen was over bought using the 14-day exponential relative strength index and what Fed Chairman Ben Bernanke achieved was to send them both back into neutral territory. On Thursday the dollar/yen RSI print was at 47.576 from 71.910 before he spoke. Euro/dollar was at 54.461 from the 24.073 print before Bernanke. Nothing however, in the way of the trend of overall dollar strength.
 

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