Forex Trading: EURUSD Moves Lower On IIF Comments
The IIF is on the newswires saying that the Greek deal will likely conclude next week as opposed to in the next few hours as implied by the Greeks themselves. The price of the EURUSD has wandered down on the headlines and looks to test the 38.2% of the days range at the 1.31439 level. Above that is the initial high for the day at 1.3151. In order for additional liquidation to occur a move below thse levels will be needed.
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