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Under 1.2550 there’s supposed to be fresh selling interest

March 5th, 2009 Mark Gavalda Leave a comment Go to comments

I heard that if price can maintain a break of 1.2550 there will be more sellers from there on so watch that level. Market is now waiting for the EuroZone GDP release due in a few minutes. Still holding my long position.
Update: looks like BUY stops are gathering heavily above and around 1.2700. GDP numbers are out: exactly -1.5% as expected. No reaction so far.

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