Forex Trading: EUR/USD And GBP/USD Consolidate Losses Ahead Of European Open

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Forex Trading: EUR/USD And GBP/USD Consolidate Losses Ahead Of European Open

By Greg Michalowski on February 26, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

The European majors are generally quiet just ahead of Europe’s open. The EUR/USD and GBP/USD are consolidating the losses made earlier in the session (starting yesterday during NY trading) as US and Asian major equities closed in the red. We will see if the safe haven USD continues to firm or if the EUR and the GBP will make a comeback as Europe starts trading…What do you think??

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