Euro: Points of Resistance
By: Kathy Lien
Posted on January 13, 2011 at 17:30 PM EST
The EUR/USD has enjoyed a tremendous rally today thanks to weaker U.S. economic data, hawkish comments from ECB President Trichet and successful bond auctions in Spain and Portugal. The rally in the EUR/USD is the strongest in nearly 3 months and has led many people to believe that the downtrend in the EUR/USD is [...]
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