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  • Euro Bounces Despite First Rise in German Unemployment in 3 Years
    The euro staged a strong rebound in early European trade this morning rising all the way above the 1.3600 handle, but news of greater than expected job losses in Germany halted the advance at that level for the time being. The rally in the pair started in Asia as bargain hunters reemerged near the 1.3500 figure attracted to the relative value in the pair after three straight days of selling. The push higher caught the shorts by surprise and EUR/USD quickly ran through the 1.3600 barrier after triggering a slew of stops.

TRADE IDEAS

  • Trades to Watch
  • Trades in Progress
currency trade idea
EUR/AUD
Medium term



 Buy Buy at 1.2920
Stop at 1.2824
Target at 1.3015
USD/JPY
Medium term



 Sell Sell at 80.3800
Stop at 80.63
Target at 80
EUR/USD
Long term



 Buy Buy at 1.2467
Stop at 1.2064
Target at 1.3072
currency trade idea
EUR/JPY
Medium term
Opened 5/23/2012
 Sell Short from 99.9000
Stop at 101.55
Target at 98.1
AUD/NZD
Medium term
Opened 5/21/2012
 Sell Short from 1.2985
Stop at 1.307
Target at 1.2855
EUR/CHF
Long term
Opened 1/30/2012
 Buy Long from 1.2055
Stop at 1.199
Target at 1.2225
These are hypothetical trades and should not be relied upon as a substitute for independent research.

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