EUR/USD has dipped back below the 1.3000 level as SU equities give back some of their gains. This minor pullback has brought out some buying from real-money accounts (asset managers and the like) in the low 1.2990s. Markets have been range-bound throughout the US session with the best levels for EUR/USD seen in London just prior to the US open.
A smattering of small stops are seen clustered in the 1.2965/75 region, dealers report. If we don’t get to them in New York, they will be fodder for Sydney in the early going.
