EUR/USD bounces have been very modest, barely to 1.3515, the old lows posted on Tuesday morning in the US. Subsequent lows in the 1.3520 area are also frustrating the EUR on rebounds near-term. Look for intraday shorts to quicken the pace of their covering if prices re-establish themselves above the 1.3520 level.
Prices have probed the 1.3500 level several times this morning but sovereign demand is scattered down toward 1.3480, dealers report. 1.3565 is pivotal resistance should EUR/USD rebound more forcefully later in the day.
No comments:
Post a Comment