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Nial Fuller

Professional Trader, Author & Trading Coach

Daily Forex Market Commentary: 11-23-09

Commentary by Nial Fuller and Larry K.

Daily Forex Market Commentary:

On Wall Street today the Dow hit a new 13-month high on the back of a weak dollar and a surprising jump in home sales.

Currencies gained on the dollar across the board. We can see in the chart below of the euro dollar that we are approaching the 1.5000 level again. This level has proved to be quite difficult to break through. A solid close above 1.5050 would signal fresh buying pressure for this currency pair.

Pair in focus: euro/dollar

EUR/USD daily chart: range bound for now, awaiting a break of 1.5050 or 1.4820 for market direction.


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About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 20,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's Professional Trading Course here.

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