By: Jamie Coleman
EUR/USD remains essentially range-bound between the high 1.24-teens and the high 1.2440s but we've bounced a bit in the last 15 minutes. Small trailing stops are seen in the 1.2465 area, just above the "Schaeuble" high put in this morning as the Journal reported that Germany had shifted its position on Euro bonds slightly. The Finance Ministry quickly scotched that talk and EUR/USD fell back quickly... EUR bears would like to see a close below the 1.2440 level that acting as support for much of this week.
EUR/USD remains essentially range-bound between the high 1.24-teens and the high 1.2440s but we've bounced a bit in the last 15 minutes. Small trailing stops are seen in the 1.2465 area, just above the "Schaeuble" high put in this morning as the Journal reported that Germany had shifted its position on Euro bonds slightly. The Finance Ministry quickly scotched that talk and EUR/USD fell back quickly... EUR bears would like to see a close below the 1.2440 level that acting as support for much of this week.
