EUR/USD has extended it’s early sell-off, presently at 1.3925 having just posted a 1.3917 session low. Risk sentiment doesn’t seem to be in very good shape; stocks oil down. Sources do however note some buy orders lined up at 1.3900 and then again quickly at 1.3885/90, which should at least help slow any further decline.
EUR/USD extends sell off, but buy orders noted
Source: www.forexlive.com
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Order Books
A quick chat with some of the local dealers shows that there are not too many orders close to the market this morning; Heavy buying interest in USD/JPY at 97.25/50 EUR/USD buy orders at 1.3800/10 and sell orders 1.4040/65 A lot of weaker trailing stops were taken out below .7875 in the AUD/USD in...
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AUDUSD Intraday views
AUDUSD will be supported via strong buying in commodities and a weak USD today and very strong consumer confidence numbers. Traders looking to buy under 80c for a revisit of 8120 tonight. Not hearing of any major selling interest on the day. AUD right in the middle of the day’s range here but...