Daily Forex Commentary February 11, 2010

February 11, 2010

EUR USD Investors Appear Unsure of Direction of Next Move

The Euro made a successful test of last week’s low at 1.3584 and finished close to the middle of this week’s range. Early in the session, the EUR USD broke sharply but buyers came in
to defend the low. Volatility is expected to continue to be high as traders are reacting to news – or the lack of news – regarding the possible announcement by the European Union of a plan to support
the Greek economy. …

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