EUR/USD eased back below the 1.3450 expiry level into the European return
but Swiss quasi-official buying in the 1.3420s soon limited the early dip.
Mid-East and Eastern European Euro demand then helped elevate the price to
the 1.3463 session highs. However, the Eastern European in question soon
turned tail and ran and the resulting sales rebuffed the advance. The
latest failure ahead of the 1.3480s and the 1.3500 option barriers has
opened the door to short-term sales into the North American open but
support in the low-1.34s props dips to keep the stops into the upper-1.33s
intact for the moment. ECB operations in focus intraday, with markets
settling ahead of the Wednesday LTRO results.
but Swiss quasi-official buying in the 1.3420s soon limited the early dip.
Mid-East and Eastern European Euro demand then helped elevate the price to
the 1.3463 session highs. However, the Eastern European in question soon
turned tail and ran and the resulting sales rebuffed the advance. The
latest failure ahead of the 1.3480s and the 1.3500 option barriers has
opened the door to short-term sales into the North American open but
support in the low-1.34s props dips to keep the stops into the upper-1.33s
intact for the moment. ECB operations in focus intraday, with markets
settling ahead of the Wednesday LTRO results.
