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BULLET: EURO-DOLLAR: High prints was $1.5373, traders that...
EURO-DOLLAR: High prints was $1.5373, traders confirm, suggesting that the record book be updated in erasable pencil, as has been the case all week. Lack of dovish remarks from ECB Trichet not really a surprise but said behind the euro romp higher over the course of his press conf. Euro holds above $1.5330 area since the high but price action remains choppy, traders more and more blaming the "AI" machines for difficult price and order execution. Barriers eyed at $1.5375 and $1.5400 but traders not assigning much weight to any notion that those will provide any lasting resistance. |
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