EUR/USD is approaching critical support at 1.52. A look at the weekly futures chart shows 50% 2008 at 1.5208 as well as recent range support. Oil and gold bears would love to see this area breakdown, but it's not done yet.
Aug. 8 (Bloomberg) -- The euro slumped to a five-month low against the dollar as traders pared bets that the European Central Bank will raise interest rates due to a slowing economy.
Special note: The new website is coming along nicely, it should be ready by Labor Day. There will be a separate section for live trades.
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on Friday, August 08, 2008 at 8/08/2008 12:24:00 AM.
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