FXstreet.com (San Francisco) - The Euro has broken above the upper side of its 1-month range at 1.3070 and has accelerated to test the 1.3100 level at first time since September 18. The pair is joining the Moody's decision to keep Spanish rating at Baa3 in the latest few minutes.
Currently the pair is trading 1.3090, 0.13% above opening price action. "We’ve seen this many times before as interbank dealers and Algos take advantage of thin trading conditions right after the NY close to trigger stops. In this case they were sitting right above 1.3085 and have been duly triggered" comments Sean Lee from FXWW.
Currently the pair is trading 1.3090, 0.13% above opening price action. "We’ve seen this many times before as interbank dealers and Algos take advantage of thin trading conditions right after the NY close to trigger stops. In this case they were sitting right above 1.3085 and have been duly triggered" comments Sean Lee from FXWW.
