Senin, 25 April 2011

EURUSD Looking Quite Vulnerable

Quote of the day: “What worries you masters you.” -�Haddon W. Robinson
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EURUSD – 1.4234 @06:52 GMT
Good morning. The euro fell across the board on sovereign debt concerns, breaking below interim support at 1.4350 to test a more notable support into the 1.4200-1.4250 region. S&P’s downgrade of U.S. credit outlook to negative has sent the risk sensitive currency pairs into freefall – EURUSD following EURJPY which has pulled back from 120 to mid 116, not far above 115 where key support / former resistance resides. Both Read More

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