• EUR/USD under pressure

Market news

11 March 2011

EUR/USD under pressure

Extends slippage to $1.3750, seen meeting demand placed between $1.3750/40 (around Mar 2 low). Recovery off lows extend above $1.3765. Spec shorts seen covering back ahead of the NY open. Resistance now seen at $1.3775/80. Support into $1.3750/40 with stronger demand reported into $1.3730, with stops below.


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