Offers seen 1.2835/35 in EUR/USD early on

Traders report small sell orders on rallies to the 1.2835/45 area in early New York trade. That level roughly corresponds with the 61.8% retracement of the 1.2898/1.2754 drop inspired by Asmussen’s “at lease 12 months” comments from yesterday, regarding the extended period of low or lower ECB rates.

Traders are a bit nervous headed into the