Market Moving News: EUR/USD - Apr 26

By IBTimes Staff Reporter | April 26 2010 12:35 AM

EUR/USD - 1.3221.. One wonders whether there are any more die-heard euro bulls left out there after y'day's selloff n this morning's fall to a fresh one-year low of 1.3201 after triggering stops at 1.3250.

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There are reports of option barrier at 1.3200 which will deter st specs fm resting this lvl. Euro bears are out in full force (including those fm the bull camps earlier), so just use any intra-day rebound to sell the euro for 1.3150/60. 'Sell euro n wear diamonds' - don't say we don't tell u so !

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