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Market Update 5-31-10

May 31st, 2010 | Author: MPFA

The EUR/USD, while ending last week on a bearish tone, chopped up and down throughout the week not really exhibiting any clear direction.  Likewise, the GBP/USD, while faring better than the EUR/USD, also was much choppier than normal this week.  Substantial fear and uncertainty continue to be present in the market.  It will interesting to see if the EUR/USD will break support this week at 1.21453, or if it will continue to consolidate.  We will keep you posted.  Have a great Memorial Day weekend!

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