EUR/USD - 1.3580.. The fact that euro was able to stage a strg rebound y'day after trading just abv last Friday's 1.3443 low suggests the resolve of certain key player(s) was strg enough to defend this lvl at all cost. Although euro made subsequent strg headway to 1.3572 (NY), then to 1.3604 in Asia after triggering stops, indicated offers at 1.3600-1.3610 capped intra-day gain. Price shud edge lower when Europe comes in as current lvl looks tempting to the euro bears. Buy orders are tipped abv 1.3530/35 but reckon once this sup (AUS) is broken, selling pressure shud intensify.
Join the Discussion