ForexLive Asian market open: Stops taken out in EUR/USD above 1.2625

Author: Sean Lee | Category: News

Author: Sean Lee

As expected there was some heavy stop-loss buying in EUR/USD in the interbank market, which has traded to a high of 1.2671 and has now pulled back to the break-up level at 1.2625. AUD/USD has failed to break up through last week’s highs near parity and is trading at .9985, EUR/JPY is at 100.60 and EUR/GBP is .8150.

Good luck today.