Just when you thought it was safe to take a breather, euro rallies again

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Fresh high at 1.2889 in another round of buying.

Reminder: the 200-day moving average is at 1.2893.

Author: Adam Button

Adam Button is the managing editor of ForexLiveâ„¢. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.


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  1. we can see that. but what is behind this strange eur up move?!

  2. The Bulls are back in town. Mr Draghi is a legend, he says nothing & the
    Euro rallies. genius.

  3. London and Europe gone home… US at lunch… who’s buying at these highs? algos?

  4. EUR short coverings. Tomorrow EUR will fall again. Just some hedge funds taking profits.

  5. highway for another 100 pips at the least…

  6. @Billy Glover : Agree. Euro zone have no single sign of recovery

  7. @dam: Recovery? Did anyone listen to Drgahi today? This was a catastrohic scenario he described! Strong EUR sell here at 1.2944.


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