AUTOREFRESH 
EUR/USD narrow rangebound
By Gerry Davies || July 6, 2009 at 05:49 GMT
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EUR/USD sits at 1.3985 in lacklustre early European trade, having closed out Friday in Europe marginally lower around 1.3960.
Ongoing reports of sovereign buy interest down at 1.3900/30 are lending support, while heightened risk aversion is helping curtail topside. The result is an impasse, with 1.3950-1.4000 providing durable trading parameters so far.
Would think there are some buy stops just above 1.4000, sell stops just below 1.3900, but haven’t had confirmation of such as yet.
Mornin´ Gerry, good weekend ? Watch out for some potential nasty moves, now that Goldmans´ secret sauce (computer trading codes) have been nicked by the Russians… ; )
Hi saferanger, had a crap weekend, totally ruined by car problems. such is life, hope you had a better one…..
Not the famous old French car, a purchase publicised by a certain Mr Coleman? (I bought an old Swedish one a couple of months ago, a Volvo diesel estate, and it has been great.)
Hi ISCA, yes the very same. Now back in the hands of it’s previous owner. Funnily enough at the same time I was bidding on the citreon i was also bidding on an old volvo. Glad your is running smoothly.
Gerry, sorry 2 hear your weekend was bad, hope you have a good week then !