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Euro / U.S. Dollar
Short

EURUSD: No China Savior today

By Burdman
Updated
With the constant US dollar selling by the People's Bank of China, the euro has been a main beneficiary. However, market forces have returned and, keeping the rate below 1.09, maintain a bearish trend.
Trade closed: target reached
Consolidation before break
Comment
Selling volume is still greater than bids, a sharp drop below 1.08 may be imminent

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