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    EUR Recovers Following Successful Debt Auction

    Tue, 04/24/2012 - 23:46 EDT - FOREXYARD
    • RDF10

    EUR/AUD:

    A bearish cross has formed on the daily chart's Slow Stochastic, indicating that downward movement could occur in the near future. Furthermore, the Williams Percent Range on the same chart has crossed over into overbought territory. This may be a good opportunity for forex traders to open short positions ahead of a possible bearish correction.

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