Intra-Day Market Moving News and Views -EUR/USD

AceTrader Team AceTrader

Intra-Day Market Moving News and Views -EUR/USD
13 Feb 2018 03:10GMT

.. EUR/USD - 1.2288.. Euro maintains a firm undertone in Asian trading after extending marginal gain above yesterday's high at 1.2297 to 1.2307 ahead of Asian open after tripping stops above 1.2300.
However, price has eased on lack of follow-through buying.

Although yesterday's rebound from 1.2235 (New York low) to 1.2297 due to intra-day rise in the Dow has led to broad-based usd's weakness in New York afternoon, Asian traders are reluctant to push the euro higher ahead of European open, suggesting range reading below 1.2307 wud be seen.
Offers are noted at 1.2300/10 with stops touted above 1.2315.
Bids are noted at 1.2280-70 and more below with stops below 1.2230.

The only eco. data due out in the euro area countries today is France's non-farm payrolls.

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