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EUR/USd edges up to 1.2590; real money buys

By   || July 12, 2010 at 16:47 GMT
|| 3 comments || Add comment

What can’t go down must go up. A little. EUR/USD rallied to 1.2590 on some modest real money buying from asset managers but so far we are stalling in the 1.2590 area.

A move back above the 1.2610 level will ease the downside pressure in EUR/USD ans set the stage for more 1.2550/1.2725 range-trade.

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3 Responses to “EUR/USd edges up to 1.2590; real money buys”

  1. Katie on July 12th, 2010 17:31 GMT

    Dear Jamie,
    Thank you for replying to my question earlier today. It seems as though the Eur/Usd is continuously rising (which actually makes me nervous as I am trading short), What are your thoughts on the rise of the Eur/Usd? Do you think it will decline anymore?

    Thank you for taking the time out of your day to read and reply to this comment.

    - Katie

  2. ChrisJ on July 12th, 2010 18:21 GMT

    Short from 1.2650 right? I’d vote hold.

  3. Adi on July 12th, 2010 19:20 GMT

    JAMIE FXSTREET IS QUATING YOU :)

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