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Hands up

By   || July 14, 2009 at 06:44 GMT
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Those who thought that when we peeked over 1.4000 in EUR/USD, we were going to blow out aforementioned sell orders up at 1.4020/30 and be on our way quickly to 1.4050 and above.

Yer, me neither. 

Having topped at 1.4015, EUR/USD is presently back at 1.3990.  Stunned mullet anyone?

Cable duly moved up and ran into a brickwall in the form of the aforementioned sell orders at 1.6295/00. We’re quickly back down to 1.6255.

EDIT:  Russia noted seller of cable on this leg lower.

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