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Home > Commentary > Elliott Wave International > 05/18/11 = EUR/USD: Falling on "Risk Aversion"? Let's Look at the Timeline First

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Robert_Prechter_80x100 EWI

It's not the "bad news" from Europe that has been pushing the euro lower

The U.S. dollar has gained 9 full cents on the euro in less than two weeks. That's a huge move, and people want explanations. And what the media offers boils down to "risk aversion," in light of "the bad news from Greece." And that sounds good -- until you check the timeline. Read more.

 

 

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