By: Jamie Coleman
Having stalled ahead of the 1.2450 barriers and run into the usual sovereign sales, EUR/USD is pulling back modestly on profit-taking. The move could accelerate i intraday support around the 1.2412/15 level is breached. Bids from medium-term players looking to cover stale shorts are rumored around the 1.2375 level, traders relay.
Having stalled ahead of the 1.2450 barriers and run into the usual sovereign sales, EUR/USD is pulling back modestly on profit-taking. The move could accelerate i intraday support around the 1.2412/15 level is breached. Bids from medium-term players looking to cover stale shorts are rumored around the 1.2375 level, traders relay.
