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Bloomberg: U.S. Stocks Tumble on Concern China May Reduce Euro Investments
By Joshua Habben, Research & Risk Analyst | Wednesday, May 26th, 2010 21:40 UTC
EURUSD has reached a new weekly low, slightly surpassing yesterday’s low of 1.2176. The next short term support level is the low from May 19, at 1.2142. Look to sell EURUSD on a break of support. Or for those who are more range traders, wait for a rally to sell EURUSD at a better price.
May 26 (Bloomberg) — U.S. stocks fell as reports China may consider reducing investments in European government bonds spurred concern the credit crisis will worsen, wiping out an early rally triggered by better-than-estimated economic data.
Read the full article on Bloomberg.com
U.S. Stocks Tumble on Concern China May Reduce Euro Investments




May 26th, 2010







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