Cash markets are less enthused than the futures and stocks are opening on the soft-side. The S&P has already swung into the red. EUR/USD is seeing profit-taking as a result. EUR/USD trades now at 1.2755. Intraday support is now at 12715.
UPDATE: Middle Eastern accounts have been seen selling EUR/USD after the stall in the US equity market. 1.2805/20 is now a firmer area of resistance as equities turn higher again…
