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Euro--NY Market

Posted by Joseph Trevisani on Feb 13, 2013 1:37:00 PM

The low bid was 1.3425 as the euro fell through the bids at 1.3450 and 1.3430 in one move, but stopped short of engaging the stops  reported to be below 1.3420. So far the rebound off lows has been has been 1.3460, unimpressive considering that the high was 60 points on at 1.3520 in Europe. 

Mild resistance likely again at 1.3460, the base of Thursday's long fall  and subsequent top until the short-lived break this morning and at 1.3500. Stops below 1.3420 with bids at 1.3375 and 1.3350.

 

WWM

 

Chart: BloombergScreenHunter 555 Feb. 13 14.14 resized 600

 

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