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CURRENCIES

CURRENCIES: The June Euro currency closed up 148 points at 1.0872 today. Prices closed nearer the session low and hit a four-week high today. The bulls have gained the slight overall near-term technical advantage and have momentum.

The June Japanese yen closed down 565 points at .91200 today. Prices closed nearer the session high and saw more profit taking. Bulls still have the overall near-term technical advantage. Prices are in a six-week-old uptrend on the daily bar chart, but now just barely.

The June Swiss franc closed up 13 points at 1.0063 today. Prices closed nearer the session low after hitting a three- week high early on today. The Swissy bulls and bears are now back on a level overall near-term technical playing field but the bulls have momentum.

The June Canadian dollar closed down 1 point at .7406 today. Prices closed nearer the session low today and closed at a four-month low close. Bears have the overall near-term technical advantage.

The June British pound closed down 7 points at 1.2807 today. Prices closed nearer the session low. The bulls have the overall near-term technical advantage as prices are in a five-week-old uptrend on the daily bar chart. A bull flag pattern has formed on the daily bar chart.

The June U.S. dollar index closed down 0.805 at 99.070 today. Prices closed nearer the session high after hitting a three-week low early on today. The bears have gained the slight overall near-term technical advantage.

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