Sunday, February 3, 2013
How long till loyal buyers take it to 1.38/1.40?
The firm uptrend in the Euro continues to be nothing short of stunning, with attempts to challenge higher prices greeted with an army of committed buyers on every shallow pullback.
The uneventful NFP jobs data posed no disturbance to the pair's healthy bullish tone last Friday. As widely anticipated, the actual jobs numbers came close to projections, causing subdued moves in the U.S. dollar overall. The creation of jobs stood at +157k from an upward revision to 196k the prior month. The jobless rate saw an increase to 7.9% from 7.8%.Continue Reading...
Mon, Feb 04 2013, 05:33 GMT | FXstreet.com
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