Small bids seen at 1.3050/55 as EUR/USD comes off the boil
Traders not small bids on the order books at the 1.3050/55 level, the area that capped the rally earlier in the session. The rally following the FOMC statement and the news that Berlusconi will stop making mischief if Monti runs for PM reached 1.3098 before protection of 1.3100 barriers halted the rise. Also helping the dollar was Bernanke’s assertion that QE is not limitless. That was a new twist.