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I held a webinar yesterday and this simple question popped up on the text chart window and began a 20-minute discussion of what exactly is a “reversal” versus a correction, and a look a the retracements in the USD/CHF and EUR/CHF.

I think it’s especially interesting because I held the webinar yesterday morning, and today we find that Germany had a miserable Q2 and Sarkozy and Merkel are meeting today…

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