S&P futures closed near their highs before the opening of the cash market but EUR/USD has come under renewed pressure. It looks like selling came in at the 13:15 GMT ECB fixing. We seem to get a sell-off each morning about this time; this is the third straight day…
Dealers say central bank bids were seen in the 1.3415/20 region earlier in the day and doubt we will take out that level today. If we do, stops reside in the 1.3410 region. A slide toward 1.330 is the risk. EUR/US trades at 1.3457.
