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Tough week for the Euro – a 526 pip decline

August 14, 2010 Posted by admin under Stocks & Stock Market Analysis
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From the close last Friday at 1.3275 to the close this week at 1.2749 the Euro lost 526 pip vs. the USD.  The range for the week, covered a distance of 558 pips indicating strong selling all week as the pair nearly opened on its weekly high and closed on its low.  As mentioned in…