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.
EUR/USD extends losses
Source: www.forexlive.com
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