Wednesday, February 3, 2010

EUR/USD Sell over 1.4000

The EU response to the Greek budget may help EUR/USD to blip over 1.4000. But, says Trader, start considering going short again over that threshold. "Both Greek credit default swaps and yield spreads indicate that EMU woes are far from receding," the bank says. The pair is now at 1.3977.

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