Support at 1.4050 is being tested as EUR/USD liquidation continues. Stops below the 1.4070 levels have been trigger on this latest slide. 1.4015 is next support should the pullback extend. One interesting note in EUR/USD: we have not closed below the 10-day moving average since late april. That average is at 1.4077 at the moment. Another warning sign that a medium-term top may be in place.
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EUR/USD stops tripped as 1.4070 gives way
June 5 2009, 4:23pm | Comments »
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