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USD a little weaker compared to last week’s close

By   || February 21, 2010 at 19:54 GMT
|| 5 comments || Add comment

EUR/USD closed last week at 1.3590 and is currently trading at 1.3640 in early interbank trade. Cable is at 1.5480, USD/JPY at 91.45 and AUD/USD at .9005. The early Monday morning market is always driven by stop-loss hunting so I suspect that there were some stops in the EUR/USD close to the market which have now been triggered.

Good luck today.

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5 Responses to “USD a little weaker compared to last week’s close”

  1. Gabriel on February 21st, 2010 20:03 GMT

    Hi Sean! Looking to my (old) charts from the friday close I think we’re set to move lower before a 1.370 break. What’s the price right now?

  2. burt on February 21st, 2010 20:17 GMT

    Hi Sean where is eur/jpy at ? mine still closed Thanks & have a good week

  3. mobis on February 21st, 2010 20:28 GMT

    124.65 / 124.77 on FXCM

  4. John on February 21st, 2010 20:52 GMT

    Once again I expect some serious moves lower in risk until the US market gets under way tomorrow.

  5. Sean Lee on February 21st, 2010 21:32 GMT

    Morning Gabriel. My feeling is that the move lower on Friday was close to the end of this USD-up move. Personally prefer to buy eur/usd dips, not sure on cable as need to see what eurgbp does

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