Start your Binary Trading income NOW!!!

Sponsored by Nuffnang.com

Tuesday, March 13, 2007

EUR/USD: Settles around 1.3200/05 after Dip

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: