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ECB Nowotney on wires. Discusses no bailout clause.

Written February 9, 2010 at 8:24 AM EST by Greg Michalowski 

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gregmike-00370Says ECB has a strict no bailout clause.  As a result, Greece will have to bail themselves out. The EURUSD is coming under some pressure as a result of the announcement. A break below the 1.3744, the old high from the day is needed and should pressure the pair further.  If the pair can not move below, the bias up should be maintained.

Categories: Forex Trading  |  
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