STOR suggesting a beginning of short/mid-term bearish swing for USD

07/12/2011 08:24 UTC USD swings lower as it weakens against the EUR, GBP, JPY, CHF and NZD. Recent mid-term strength indicator reading for USD is 4 out of 8, thus suggesting that the current swing may be sustainable.

The following pairs may gain the most from the recent swing action:

GBP/USD (Long)
USD/JPY (Short)
USD/CHF (Short)

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