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Posted 11/26/2009 9:16:00 AM [EUR/USD] has been fairly sidelined in Europe. Much of the
attention has been centred on Chf, Gbp and the Jpy, although the headline
is still half a cent lower from Europe's open of 1.5110. Crosses have
been of greater interest. Eur/Jpy looks vulnerable to a first fall below
130.00 since early Oct, while Eur/Gbp went on a stop tripping run through
0.9070 and 0.9100/10 and Eur/Chf has had the odd spike on SNB chatter. It
is steady trade for now ahead of 1.5040/50 and 1.5000 expiries. We do not
expect any major breakouts at this stage, but it is worth noting stops are
beginning to build below 1.5025, 1.4990 and 1.4950 Copyright © 2010, Informa Global Markets
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