Although the single currency resumed recent decline to an intra-day low of 1.3532 on risk aversion and partly due to the rate hike by PBOC, loss of downward momentum should prevent sharp fall below 1.3484-1.3500 (61.8% Fibonacci retracement of medium term upmove from 1.2457 to 1.5145 and a level where...

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Thursday, February 11th, 2010 at 11:54 pm
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