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1.3930 Fibo support under threat in EUR/USD

By   || June 10, 2009 at 17:54 GMT
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EUR/USD continues its slide, nearing 1.3930, the 61.8% rtetracement of the 1.3800/1.4145 rally. A break suggests price could dip back to the key support level at 1.3800.

6-10-eur2

Oil is giving back some of its gains after proving more resilient than the other commodity markets this afternoon. Crude is at 70.60 at writing.

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