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A follow up to that pressure from last week - massive breakout.
This wasn't really founded on any specific event risk or new story, so it will be interesting to see what happens if the freddie/fannie report from the WSJ (suggesting the government will announce something this weekend) pan out....
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John Kicklighter is the author of Dynamic Carry Trade Basket, Watch What The Fed Watches, and Forex Trading Weekly Forecast on DailyFX.com
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