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EURO-DOLLAR: One trader contends that some of the recent slippage in the
pair is due to dip buyers continuing to get flushed out, those accounts
said to have tried re-establishing longs at $1.2320 and at $1.2280,
setting narrow stops below and those stops getting flushed out and
adding to the weight of the euro. the words 'failed rally' now being
mentioned in some quarters.
Provided by: Market News International
EURO-DOLLAR: One trader contends that some of the recent slippage in the
pair is due to dip buyers continuing to get flushed out, those accounts
said to have tried re-establishing longs at $1.2320 and at $1.2280,
setting narrow stops below and those stops getting flushed out and
adding to the weight of the euro. the words 'failed rally' now being
mentioned in some quarters.
Provided by: Market News International
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