Dealers made a run for the low-hanging fruit in EUR/USD, stop-loss buy orders between 1.3040 and 50. So far they have come up shy, reaching only 1.3032 thus far.
US equities are not helping the case for EUR/USD, or risk assumption in general, this morning, sliding around 0.9% this far this morning. Traders fear a “buy the rumor/sell the news” reaction to the Geithner plan.
