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ForexLive European Morning Wrap: Euro Weaker on Bad Data

posted by Avatar ejc 382 days ago in EUR, JPY, Fundamental

EUR/USD down at 1.3140 from early 1.3230 having been as low as 1.3130. Stops tripped through 1.3200, 1.3180 and 1.3170 accelerating the slump before BIS stepped in buying circa 1.3166 on EBS. Their action lent temporary support, but thats all it proved, and eventually further stops gave out through 1.3160 for the last leg lower.....more.
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