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EUR/USD Renews Its Decade Maximum

July 10, 2007 (Last updated on November 30, 2009) by

Today EUR/USD hit 1.3738 mark renewing its maximum since 1995. So we are at the almost twelve years maximum now and the possibilities for going even farther are getting higher and higher. Not many reasons for such a strong Euro rally for today. The only good ones I can think of — oil prices rising and some Eurozone financial leaders speaking of support for an expensive Euro. Other than that — only some really powerful bullish speculators could EUR/USD in such a dramatical way. Anyway, it’s a good time to be in the market and get some more pips on falling dollar when EUR/USD breaks the 1.3800 level.

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