The aforementioned buy orders helped slow the decline in EUR/USD for awhile, but didn’t manage to stop it. We’re presently at 1.3875. Technical support now at 1.3845/50. Slightly heightened risk aversion (S&P futures off 9 points at writing), ongoing concern over the Baltic states and anticipation of an early-ish hike in US rates are some of the factors pressuring the pairing.
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EUR/USD extends losses
June 8 2009, 11:14am | Comments »
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