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Trailing stops just below 1.3760

By   || March 17, 2010 at 12:28 GMT
|| 3 comments || Add comment

Dealers express a bit of frustration. Many missed the move higher earlier this morning and have been buying dips in EUR/USD only to see the pair keep on dipping. Look for a quick washout below the 1.3760 level to clear the decks. Better bids are down at 1.3715/25, traders report.  EUR/USD trades at 1.3768.

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3 Responses to “Trailing stops just below 1.3760”

  1. Rance on March 17th, 2010 12:41 GMT

    Hi Jamie, what do you mean by a “quick washout”??

  2. Jamie Coleman on March 17th, 2010 12:43 GMT

    A push lower to prompt longs to liquidate

  3. Rance on March 17th, 2010 12:45 GMT

    Thanks! Here’s hoping you have a good St. Patty day

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