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Stopped out of EURUSD short

By David Rodriguez, Quantitative Strategist
03 September 2010 15:00 GMT

GBPUSD: I remain bearish from last week based on forex options and futures sentiment data. Ideally I would sell a correction given current noteworthy declines, aiming for a short entry around 1.5450. The stop would subsequently be placed above the 1.5550 mark with first target ath the pair's 100-day Simple Moving Average at 1.5130.

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03 September 2010 15:00 GMT