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EUR/USD sinking back within range

|Includes:EU, UDN, PowerShares DB USD Bull ETF (UUP)

What can’t go up must come down?

Kinda feels that way in EUR/USD this morning. We pushed higher in equities earlier in the day and now that that asset class has dipped from the highs, EUR/USD has lost some altitude as well.

This is going to be a particularly thin week for market liquidity with many, many players taking one-last holiday before kids head back to school.

EUR/US has pulled back to 1.4388. Next support is at 1.4345/50 where the BIS was a buyer earlier today.


Written by Jamie Coleman
Stocks: UUP, UDN, EU