Forexpros.com Daily Analysis - 07/07/2011

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ForexPros Daily Analysis July 07, 2011


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Start: Mon, Jul 11, 2011, 09:00 EST
End: Mon, Jul 11, 2011, 10:00 EST

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Dollar Index Pares Losses As Liquidity Returns

The dollar index had a bullish up day yesterday following 6 consecutive bearish candles. This bullish candle formed as liquidity returned to the market following the US holiday on the 4th July. A small correction is looking overdue and risk sentiment will potentially determine whether this move has legs or not. Moody