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EUR/USD - 5 Reasons for Weakness
A volatile intraday session in the EUR/USD allowed for more weakness in the 17-nation currency over an intermediate term. The currency pair remains below a structured resistance of 1.4250. Since the sell-off in the Euro incurred, EUR/USD currency pair has lost as much as 5 percent. Weakness in the Euro has been structured by a segment of events, and if continued overall weakness in the currency can further be felt. Unless, fundamental perspectives will change in a shorter term, EUR/USD could possibly test a 1.4000 level. Weakness in the Euro has been formed by: 1) Collapse in Risk Appetite - A severe drop in ... (full story)
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- May 18, 2011 1:07pm May 18, 2011 1:07pm
- craptrader
- | Additional Username | Joined Feb 2011 | 12 Comments
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- Edited 5:59am May 19, 2011 1:05am | Edited 5:59am
- damo
- | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 9 Comments
Trade what you see, not what you think.
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- May 19, 2011 7:45am May 19, 2011 7:45am
- A Tratseuski
- | Commercial Member | Joined Jun 2010 | 42 Comments