Tuesday, July 2, 2013

Euro is on the verge - again

Once again, the EURUSD pair has approached the 1.30 support level, having been consistently rebuffed from here over the last week or so. As pointed out here previously, this is a critical level for the pair. One has to wonder what the significance is of the attack on 1.30 today, a slow news day. Is someone positioning themselves in advance of the ADP payrolls report in the USA tomorrow?

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