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EUR/USD extends profit-taking slide

By   || March 17, 2010 at 15:17 GMT
|| 5 comments || Add comment

EUR/USD has pulled back into the 1.3720s, an area where a clutch of buy orders are seen on order books. A dip through yesterday afternoon’s spike low at 1.3716 will see a round of stop-loss orders triggered.

It is a very mixed bag for the greenback today. It is firm against most of the European currencies but still heavy against the commodity-driven pairs.

US equities are holding up well despite the dollar rebound this morning but gold has slipped $10 to $1122.  A tough day to figure all around…

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5 Responses to “EUR/USD extends profit-taking slide”

  1. simon on March 17th, 2010 15:19 GMT

    will we see a rebounce today?
    1.3788 is my target

  2. simon on March 17th, 2010 15:22 GMT

    it would be nice see the pair follow aus/usd

  3. Tajul Akbar Bin Ismail on March 17th, 2010 15:23 GMT

    Merkel Says Euro-Zone Expulsion Should Be an Option … http://online.wsj.com/article/SB10001424052748704743404575127190480343692.html

  4. simon on March 17th, 2010 16:42 GMT

    some more pips for my target

  5. simon on March 17th, 2010 17:10 GMT

    nice rebound

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