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EUR/USD relatively steady as European trading gets underway

By   || February 13, 2012 at 07:05 GMT
|| 6 comments || Add comment

Not much of a pop in the single currency in the wake of the Greek yes vote on austerity measures, it has to be said.  EUR/USD  presently at 1.3238.

Sean mentioned sell orders clustered up at 1.3265/80.  I’d hazard a guess trailing sell stops through 1.3200, but no confirmation of such as yet.

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6 Responses to “EUR/USD relatively steady as European trading gets underway”

  1. Ricardo on February 13th, 2012 07:09 GMT

    Good Morning Gerry and Joe

  2. klaus on February 13th, 2012 07:10 GMT

    hi Gerry, i really like forexlive but with some of your terms u use i get confuse. ….. just let me know what does it mean : ” trailing sell stops ” thanks a lot

  3. gumball on February 13th, 2012 07:12 GMT

    thru 1.3300 or 1.3200

  4. Gerry Davies on February 13th, 2012 07:19 GMT

    Hi Klaus, just think of them as stops

  5. Constantinos on February 13th, 2012 07:36 GMT

    Dear All
    Here in Greece the things are not good. However, at last, things are going to be done, as per my sources, more than TROIKA expects.
    That means that finally you will see —even it seems science fiction as per history facts— that you will see privatizations, and big change in Greece.
    The main obstacle in Greece are the syndicates that if TROIKA and the Greek Government can smash them, then a lot of good things will happen;

    Wish all of you to have good trades, personally I expect euro era is coming back

  6. JPY Forex Blog on February 13th, 2012 10:02 GMT

    Klaus , the trailing stop is adjusted (is not fixed) as the price goes in the direction of your trade. If you use a trailing stop you can let profits run and cut losses simultaneously.

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