It closed at 1.2857 on Friday. There were reports of heavy selling from an asian name above 1.2900(suspected to be related to chinese), there were also reports of swiss banks and real money on the offer(reported here) at around 1.2940 area. Heavy offers from European corps at 1.2990/00 level went untouched. Pair closed bearish under 1.2915 level. Next level of important support is at 1.2826 and a slip below the level is likely to target lower, rise above 1.2910 risks targeting the offers up at 1.2990/00 level. Specs are still piling into shorts..
Saturday 29 September 2012
EURUSD
It closed at 1.2857 on Friday. There were reports of heavy selling from an asian name above 1.2900(suspected to be related to chinese), there were also reports of swiss banks and real money on the offer(reported here) at around 1.2940 area. Heavy offers from European corps at 1.2990/00 level went untouched. Pair closed bearish under 1.2915 level. Next level of important support is at 1.2826 and a slip below the level is likely to target lower, rise above 1.2910 risks targeting the offers up at 1.2990/00 level. Specs are still piling into shorts..
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