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What Level Would be Fatal for the EURUSD? .

What Level Would be Fatal for the EURUSD? .

5 Years ago | May 12, 2015 00:00:00

The EURUSD, which climbed to a peak at 1.1467 late in the day on May 15, fell to a low at 1.1118 on May 19. While the extent of the drop (-3.0%) may not seem like a lot to an equity trader, it is a large move in less than 2 trading days for a forex market that trades with leverage. It is not so much the extent of the move down that should be unsettling but the pace as it reflects a symptom now plaguing just about every global market, liquidity.

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