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EUR/USD, EUR/JPY and EUR/GBP; key levels in early European trade

By   || April 23, 2010 at 05:33 GMT
|| 2 comments || Add comment

It’s going to be all about the EUR as Europe gets ready to close it’s trading week. There were obviously some firm bids ahead of 1.3200 which halted this mornings sell off and they will likely be tested again in early trade. Below there and more stops are reported below 1.3180 and particularly 1.3150. The important levels for EUR/JPY are 123.30 and 123.15 and more stops are likely to emerge below the latter. There has been talk of decent buying interest in EUR/GBP around the .8590/.8600 level but a break below will bolster bearish momentum.

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Category: All, Asia, Mkt Talk, orders
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2 Responses to “EUR/USD, EUR/JPY and EUR/GBP; key levels in early European trade”

  1. Dean on April 23rd, 2010 05:52 GMT

    Hi Sean, is this mean EUR/USD going to fall again below 1.3200??? Wow….

  2. Sean Lee on April 23rd, 2010 05:55 GMT

    Well Dean I’d guess as we are quite close we’ll probably have another try; 13200-60 range for early part of European session I’d hazard a guess

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