EUR/USD has opened lower in North America, down at 1.3430 from a North American close Friday up around 1.3505. Risk aversion is to the fore at the present time; stocks, oil, gold all lower.
Travails of Goldman Sachs, Chinese moves to prick property bubble, the Icelandic volcano and ongoing concerns surrounding Europe’s PIGS are some of the factors impacting.
Asian sovereign and Middle Eastern buying has been noted on the way down, but has done little really to lift the pressure on the pairing so far.
Talk buy orders now at 1.3400/10 with stops just below. More buy orders noted at 1.3380/85 with more stops just below there.
Sell orders said to lie up at 1.3480/00.
