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Coleman: Why I’m selling EURUSD

The euro rallied sharply against the dollar, when the European Central Bank failed to meet market expectations on Thurday. But Ian Colman believes the rally will be shortlived and is looking to sell.

According to Coleman, there was a broad sell-off in USD across most major pairs as markets were really disappointed with the ECB. But the rally is being capped with with the dollar now finding support and EURUSD hitting resistance, coleman says. He is looking to sell at market with a stop at 1.0950. His target for the trade is 1.0820.

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01:29 minutes
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