Top
New York  London  GMT  Tokyo  Sydney 

EUR/USD having opened marginally lower, steady early

By   || July 16, 2009 at 05:50 GMT
|| 0 comments || Add comment

EUR/USD very steady in early European trade, the pairing presently sitting at 1.4080.  News that CIT is likely to file for bankruptcy as early as tomorrow has  helped dampen risk appetite. 

The market will also be on the look-out for renewed Asian sovereign selling on any pops higher. Upside looks limited to me.

For today technical supports 1.4060, 1.4040 and 1.4010, resistances 1.4105/10 and 1.4130/35.

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print
  • Add to favorites
  • del.icio.us
  • Digg
  • NewsVine
  • StumbleUpon

Add a comment

Comments are closed.

Bottom