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Prior to launching ForexLive, Jamie Coleman spent nearly twelve years at Thomson Financial as managing analyst of the institutional forex product IFR Forex Watch. In 2007, he left the Forex Watch team to launch a retail forex-oriented site which became the popular Reuters FX Hub. FX Hub fell... More
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  • EUR/USD sinking back within range 0 comments
    Aug 22, 2011 10:55 AM | about stocks: UUP, UDN, EU

    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
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