Eur/usd - 1.5415 ... Despite y'day's rally to 1.5443 after ECB's Trichet comments, price subsequently retreated to 1.5390. Euro staged another upside attempt in Asian morning but met selling interest at 1.5430, price quickly eased back to 1.5400/02, suggesting range-trading is likely to continue until European opening. As reported earlier, bids by European n U.S. names are below the market at 1.5380/85, 1.5350/55 n further out at 1.5330 with stops only emerging below 1.5310 (NY low). On the upside, profit-taking offers are placed near 1.5440 n buy stops seen abv 1.5455/60.
Join the Discussion