Tue
26
Feb
This morning’s London session saw a return of volatility to the currency markets. Investors witnessed a substantial move to the downside for both EURUSD and GBPUSD in the early goings. EURUSD finally managed to take out bids in the 1.4790s area after several attempts. The pair met with unforgiving offers sliding nearly 60+ pips to session lows near 1.4780. However, momentum investors jumping onto the move late would see a vicious short squeeze as the pair snapped back
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Tuesday, February 26th, 2008 at 5:58 pm
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