AceTraderFx Nov 26: Intra-Day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
26 Nov 2015 02:00GMT
EUR/USD - .... Euro is in holding pattern in subdued Asian trading as traders are standing aside after yesterday's wild swings.
Despite intra-day selloff from 1.0689 in Europe on Reuters report the ECB is considering other stimulus options at its next policy meeting, the single currency staged a strong rebound from a fresh 7-month trough of 1.0565 New York morning to 1.0642 before moving sideways in New York afternoon.
With no important EZ economic data due out today, euro is expected to trade well above said yesterday's low and stops above 1.0650 is now in focus.
Bids are noted at 1.0610-00 and more below whilst a mixture of offers and stops is touted at 1.0645-50.
More selling interest is reported at 1.0680/90 with stops reported above 1.0700, suggesting buying euro on dips is the favoured strategy.
Intra-day Market Moving News and Views
26 Nov 2015 02:00GMT
EUR/USD - .... Euro is in holding pattern in subdued Asian trading as traders are standing aside after yesterday's wild swings.
Despite intra-day selloff from 1.0689 in Europe on Reuters report the ECB is considering other stimulus options at its next policy meeting, the single currency staged a strong rebound from a fresh 7-month trough of 1.0565 New York morning to 1.0642 before moving sideways in New York afternoon.
With no important EZ economic data due out today, euro is expected to trade well above said yesterday's low and stops above 1.0650 is now in focus.
Bids are noted at 1.0610-00 and more below whilst a mixture of offers and stops is touted at 1.0645-50.
More selling interest is reported at 1.0680/90 with stops reported above 1.0700, suggesting buying euro on dips is the favoured strategy.