Posted on July 07th, 2009 in Currency Trading News
EUR-USD was caught long after 1.4000 failure during the Asian afternoon. Middle Eastern names and Eastern European accounts sold early on and this forced a pull back in to 1.3910, where the pair is currently trading. Bids are noted at 1.3910 down to 1.3880 from Asian and European accounts that are still looking to buy the dip after the pair managed to rebound from 1.3875 on Monday, which is ahead of large size stops.


