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CURRENCIES

CURRENCIES: The June Euro currency closed down 55 points at 1.2230 today. Prices closed nearer the session low today and hit a 3.5-month low. The bulls and bears are on a level overall near-term technical playing field, but the bears have downside momentum.

The June Japanese yen closed down 520 points at .91815 today. Prices closed nearer the session low and hit another 2.5-month low today. Bears have the overall near-term technical advantage. Prices are in a four-week-old downtrend on the daily bar chart.

The June Swiss franc closed down 40 points at 1.0222 today. Prices closed near mid-range and hit a 5.5-month low today. The Swissy bears have the solid overall near-term technical advantage. A nine-week-old downtrend is in place on the daily bar chart.

The June Canadian dollar closed down 22 points at .7778 today. Prices closed near mid-range. The bears have the firm overall near-term technical advantage.

The June British pound closed down 37 points at 1.3966 today. Prices closed nearer the session low today. The bulls have the overall near-term technical advantage, but have faded recently.

The June U.S. dollar index closed up 0.380 at 90.925 today. Prices closed nearer the session high and hit a more-than- three-month high again today. The bulls have the overall near-term technical advantage. Prices have seen a bullish upside “breakout” from a sideways trading range on the daily bar chart.

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