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CURRENCIES:

CURRENCIES: The December Euro currency closed down 30 points at 1.1617 today. Prices closed nearer the session low today and scored a bearish “outside day” down. The bears have the overall near-term technical advantage. However, a downtrend on the daily bar chart has been negated to suggest a market bottom is in place.

The December Japanese yen closed down 250 points at .87945 today. Prices closed near mid-range today. Bears have the solid overall near-term technical advantage. Prices are in a four-week-old downtrend on the daily bar chart.

The December Swiss franc closed down 41 points at 1.0888 today. Prices closed nearer the session low after hitting a six-week high early on today. The Swissy bulls and bears are on a level overall near-term technical playing field. However, prices have been trending up for three weeks.

The December Canadian dollar closed down 12 points at .8073 today. Prices closed nearer the session low today. The bulls have the overall near-term technical advantage. Prices have been trending higher for five weeks. Bulls' next upside price objective is closing prices above solid chart resistance at .8200.

The December British pound closed up 11 points at 1.3769 today. Prices closed nearer the session high today. The bulls and bears are on a level overall near-term technical playing field. Prices have been trending up for three weeks, to suggest a market bottom is in place.

The December U.S. dollar index closed up 0.195 at 93.820 today. Prices closed nearer the session high today and hit a three-week low early on. Prices also scored a bullish “outside day” up today. The bulls have the firm overall near-term technical advantage.