• EUR/USD:

Market news

3 June 2011

EUR/USD:

Recovery seen meeting resistance around the 61.8% retrace of the move down from $1.4518 to $1.4460, which comes in at $1.4496, a  break to open a move toward $1.4504 (76.4%) ahead of the stronger $1.4515/20 area. Stops are noted above this area. Rate currently trades around $1.4490.

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