Wednesday, April 30, 2014

EUR/USD Longs Squeezed On Soft German Inflation

Yesterday, euro longs were wrong‐footed as German inflation rose less than expected. EUR/USD returned to the 1.38 area. Sterling held strong even as the UK GDP was marginally lower than expected. EUR/USD and EUR/GBP are nearing first support levels. Will today's EMU inflation data and/or today's US eco news force



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