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EUR/USD slips back as cable selling intensifies

By   || February 28, 2010 at 21:42 GMT
|| 5 comments || Add comment

Cable is down at 1.5160, which is almost 100 pips below the NY close, and EUR/USD has fallen back to 1.5630. Personally I never trust these early morning moves in totally illiquid markets. Short term support/resistance for the EUR/USD is 1.3600/80. Not much support in the cable until a previous pivot point around 1.5065/70.

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5 Responses to “EUR/USD slips back as cable selling intensifies”

  1. Alexander on February 28th, 2010 21:47 GMT

    Yea these gaps are gonna close within Asia or London at least. Haven’t seen one yet that the retail traders haven’t closed.

  2. TXTrustFXusd on February 28th, 2010 21:57 GMT

    selling intensifies, by whom banks and retailers ? if so, would one think that there are enough buyers / retailers to close the gap, sterling -?

  3. Gabriel on February 28th, 2010 22:11 GMT

    Very nice gaps to profit from on GBPU and EURGBP!

  4. TXTrustFXusd on February 28th, 2010 22:22 GMT

    GBP/USD rallies from 1.5150 Rumors have it that… option barriers

  5. Steve on March 1st, 2010 00:51 GMT

    I shall be looking to Short cable again once gap gets closed probably wait untill af London Open! nice bonus this morning to wake up to!

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