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News Failure (guest: Jason Shapiro)

The Market Huddle

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The Dollar Is Likely to Create a Basing Formation Here

The dollar is likely creating a basing formation here. The euro could be arguably a pullback no different than we've witnessed back in the start of the May. There's just no evidence yet that this is a top. If we broke below 109 and then had failed rallies, that would really probably solidify the top in the euro early next year.

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