Tuesday, March 23, 2010

EUR/USD falls through 1.35 support level

For the second time in a matter of a few days the EUR/USD pair fell through the psychological 1.35 level again signaling a further drop towards 1.34. I guess the bad news from Greece is still in play here. I'm going short on this pair. The US Dollar index is moving up also indicating a little (although not much) strength. This is going to be a sell and hold trade until the pair hits 1.34.

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