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Heavy Swiss selling helps undermine EUR/USD

By   || March 15, 2010 at 15:47 GMT
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Traders report that a Swiss bank has been executing a large sell order in EUR/USD for the bulk of the US session. They’ve sold about 1 yard of EUR/USD beginning around the 1.3720 level, we’re told. All done now, I’m guessing…

1.3620/25 is solid support for EUR/USD on further pullbacks. Offers are seen at 1.3700 on rebounds.

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