Interesting Report out from IFR Tokyo at 8:43 PM...
Some short covering in Risk Pairs EUR/USD ...
Despite the negatives still weighing on EUR intra day players seem to have been caught short. The Surge in EUR/JPY looks to have led the EUR/USD move. From a earlier low of 1.0572, the cross has rallied to 1.0635 and EUR/USD is up from a low of 1.3105 and the overnight low of 1.3103 to as high as 1.31481.
Next resistance topside is 1.3160, a double top on the hourly chart and 1.3155 the rebound high seen in early New York trading overnight.
More Resistance is eyed at 1.3200 with Support at 1.3100...
IFR Markets...
Some short covering in Risk Pairs EUR/USD ...
Despite the negatives still weighing on EUR intra day players seem to have been caught short. The Surge in EUR/JPY looks to have led the EUR/USD move. From a earlier low of 1.0572, the cross has rallied to 1.0635 and EUR/USD is up from a low of 1.3105 and the overnight low of 1.3103 to as high as 1.31481.
Next resistance topside is 1.3160, a double top on the hourly chart and 1.3155 the rebound high seen in early New York trading overnight.
More Resistance is eyed at 1.3200 with Support at 1.3100...
IFR Markets...