Thursday, 17 January 2013

EUR/USD Back Above 1.3300 As 1.3245/50 Holds

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More at http://daily20pips.blogspot.com/2013/01/irina-shayk-in-agua-bikinis.html
EUR/USD continues to hold above 1.3245/50 support and shorts are reluctant to ride their positions for long. Topside stops are eyed above the 1.3330 level, traders report.
Earlier risk aversion has eased a bit. US equities are lower on the day by about 0.2% but that's less than earlier in the day. US yields are near a 1.82% handle in the 10 year yield from 1.80% earlier in the morning.EUR/JPY has bounced 75 pips as well.
Looks like "buy-the-dips" remains the play in EUR/USD near-term.

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