EUR/USD rose again on Thursday, but as it has in the two previous sessions – gave up half of its gains. The pair looks weak at best, and the situation in the EU continues to be a drag on it. Even with the various governments approving the leveraged bailout fund one by one, the market simply doesn’t seem impressed. Because of this, we are selling any and all rallies in this pair. We don’t bother buying on support as we think the 1.35 level will eventually give way.
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