EURUSD Fails At 1.30 As Greece Still Has No Cash

EURUSD Fails At 1.30 As Greece Still Has No Cash

The re-opening of the US stock markets after super storm Sandy isn't causing the wave of volatility or surge in volumes as some had expected. Sentiment has drifted from the markets as we have moved through the London session into the NY morning. It appears like those who can make it into work on the East Coast of the US are mostly squaring up positions ahead of month-end. This has eased some of the upward pressure on EURUSD as it backs away from the key 1.30 level.