The currency pair was initially going down yesterday

S&P 500 (Mar 13) INTRADAY Review We were guilty of favouring the technical picture yesterday as we implemented a short strategy given that the two week uptrend line had been breached and we felt the phenomenally extended upside seen in recent weeks was due a pull back. In truth, we couldn’t have been more wrong! When the Consumer Confidence number was released at 15.00GMT and showed the worst reading since Nov 2011 our short bias did not seem to be wrong after all. However, the index

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The currency pair was initially going down yesterday

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