EUR/USD washed out a few weak longs on the dip to 1.3193, dealers note, but prices have bounced back and have now settled into a range in the 1.3200/05 area. US equities and bond yields are well off their lows, helping give the USD a bit of a breather at the moment.
Further bids are eyed in the 1.3185/90 area but more small stops are eyed around 1.3180 with larger below 1.3145/50. Asian sellers helped cap gains earlier at 1.3220 and dealers fear a near-term top may be in. Bearishly divergent intraday techs are prompting some momentum-types to trim back longs, dealers report.
No comments:
Post a Comment