We’ve been as low at 1.30432 after the FOMC minutes indicated the Fed is not nearly as close to launching USS QE3 as the market had believed.
Stop loss orders in the 1.3020 area are coining into focus with more in the 1.2990/95 region. Offers now at 1.3185/90 on rebounds. Small trailing stops are seen at 1.3095/00.
