US DOLLAR INDEX: The US Dollar Index has fallen on it's back foot after briefly probing above the psychologically important 80 handle. After suffering the initial blow due to the Lehman Brother's bankrupcy, subsequent counter-rallies have capped at the 10-day MA indicating a possible deeper retreat for the US Dollar that next targets the 38.2% retracement at 76.86 (roughly 1.4685 EUR/USD).
Strategy Summary: LONG EUR/USD at 1.3923, NEXT TARGET AT 1.4685, STOP AT 1.4205
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