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 Euro well bid even as sentiment on risk remains fragile

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fxpulsation




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Join date : 2012-01-25

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PostSubject: Euro well bid even as sentiment on risk remains fragile   Euro well bid even as sentiment on risk remains fragile Icon_minitimeThu Nov 15, 2012 12:50 pm

Euro well bid even as sentiment on risk remains fragile


EUR/USD is trying to move away from the recent lows. Technical considerations prevail. Strong buying in EUR/JPY helped the EUR/USD headline pair. The yen stays under pressure as a new government after the Dec 16 elections is expected to put additional pressure on the BOJ to take aggressive action to weaken the yen.

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