Daily Video - 10.18.11

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Is this a True EURUSD, AUDUSD Bear Trend or Temporary Correction? It was both an overdue pullback and occured at a technically attractive level; but it is still too early to judge whether Monday's bearish reversal for EURUSD, AUDUSD, the S&P 500 and other risk-sensitive assets is the return of a dominant trend or temporary correction. To better assess the situation, we look at the technical developements against the backdrop of speculative momentum, fundamentals and natural correlations. The immediate call: approach with caution.   Download the Full Article Best regards, DailyFX Research Team research@dailyfx.com DailyFX Home | research@dailyfx.com | Contact US ©2009 DailyFX. All Rights Reserved. Forex Capital Markets, L.L.C.® assumes no responsibility for errors, inaccuracies or omissions in these materials. Forex Capital Markets, L.L.C.® does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. Forex Capital Markets, L.L.C.® shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results.

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