But Range Expected] Sydney,
September 9: The EUR/USD succumbed to more long covering during the Lon/NY
sessions, as a dip in oil prices during the NY session was the catalyst for more
EUR/USD longs to pare back. The oil price actually closed small up on the day,
but the EUR/USD received little joy from that move as many in the market are
staying on the sidelines after another difficult trading week.
There are a few stops under 1.2380, but buyers are lined up between
1.2360/70 to discourage aggressive attempts lower from here. The 100-day MA
comes in around 1.2340/45 today and that should be viewed as key support today.
Key resistance is found at yesterday"s high around 1.2450. A break above that
level would end a 5-day sequence of lower daily highs and lower daily lows. The
EUR/USD trades 1.2392/97. --john.Noonan@thomson.com
Early Asia] Sydney, September
9: The EUR/USD has eased back under 1.2400 as USD/JPY demand has given the USD a
bid tone. There is talk of a few stops below 1.2380 with buyers camped between
1.2360/70. The EUR/USD trades 1.2392/97. --john.noonan@thomson.com
a los botes infieles nipones!!! gilessss!!!
[
September 9: The EUR/USD succumbed to more long covering during the Lon/NY
sessions, as a dip in oil prices during the NY session was the catalyst for more
EUR/USD longs to pare back. The oil price actually closed small up on the day,
but the EUR/USD received little joy from that move as many in the market are
staying on the sidelines after another difficult trading week.
There are a few stops under 1.2380, but buyers are lined up between
1.2360/70 to discourage aggressive attempts lower from here. The 100-day MA
comes in around 1.2340/45 today and that should be viewed as key support today.
Key resistance is found at yesterday"s high around 1.2450. A break above that
level would end a 5-day sequence of lower daily highs and lower daily lows. The
EUR/USD trades 1.2392/97. --john.Noonan@thomson.com
Early Asia] Sydney, September
9: The EUR/USD has eased back under 1.2400 as USD/JPY demand has given the USD a
bid tone. There is talk of a few stops below 1.2380 with buyers camped between
1.2360/70. The EUR/USD trades 1.2392/97. --john.noonan@thomson.com
a los botes infieles nipones!!! gilessss!!!
[
