We’ve seen surprisingly quiet range-trade today after a volatile overnight session. Dips are in demand in EUR/US in the 1.4620s while we’ve struggled so far at 1.4670. Trichet tried to give the dollar a boost but had no success at all…Stocks are up 1.75%, oil is at $67.21, UP $1.20 and gold is at AT $995 from $987 lows
Look for small stops now above the 1.4670 level while better sellers are seen toward 1.4720. WE trade now at 1.4665.