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EURUSD: Continue Holding Short

EURUSD: Continue Holding Short

2011-12-29 11:01:00
Ilya Spivak, Sr. Currency Strategist
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I initially sold EURUSD at 1.3526 and revised my stop-loss to the breakeven level after the pair met my first objective at 1.3144. The pair is approaching my second soft target at 1.2872 and I will continue holding short, with a break below this barrier prompting another revision in stop-loss and objective levels.

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