EUR/USD has slipped back, presently at 1.4970. Russia has been seen selling decent amounts.
From here buy orders noted down at 1.4940/50.
4 Responses to “EUR/USD slips back”
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AUTOREFRESH 
Philip Manduca is les testicules du chien! He’s on Bloomberg right now calling for EURUSD 1.60 and a stronger Sterling. Reasoning:- The current conditions veres the USD are far worse than they were when EURUSD last traded up through that figure.
That must be why US growth is twice as fast as eurozone growth. And as for sterling: US q3 = 3.5% annualized. UK -1.6% ann.
So are you suggesting that the current conditions in the US are not worse than they were when EURUSD hit 1.60?
Yes. Housing has bottomed. Stimulus is working. The US is going to grow fast. Firms will start hiring early in 2010. Rates will go up. The dollar will soar.