EUR/USD: Easing after Holding below Monday's Highs

Despite the big drop in unit labor costs in the US and the lack of concern over the strength of the EUR by the German and French finance ministers, EUR/USD was unable to overcome its Monday morning highs. Prices have pulled back to the low 1.3330s on profit-taking. Bids are seen on dips in the 1.3280/1.3300 area while stops are eyed below 1.3280.