Monday, 4 June 2012

EUR/USD May Lose Steam At 1.2440 -Commerzbank


EUR/USD is likely to lose steam at 1.2440, Commerzbank says, as the bank's order-book model suggests buy and sell orders will balance out around that level and put an end to the upward bias. EUR/USD started Monday's trading in Asia at the day's high at 1.2443 before steadily slipping. The pair is now climbing, at 1.2424.


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