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Forex Trading: Euro Lower After Worse French And German Prelim GDP
Written by article default Tuesday, 15 February 2011 08:41
The euro took a hit recently with worse than expected preliminary GDP numbers out of France and Germany. After trading higher since yesterday, the EUR/USD pair has seen recent selling and is now trading in the neighborhood of the 23.6% line on the move from February 11th highs to yesterday’s lows. In the case of further selling, we see no significant levels between here and 1.34274. Some support could see the pair back near 1.3500.
