US investment bank sellers have been seen capping EUR/USD rallies of late, selling in the 1.2220 region. The market is girding for the payrolls numbers in half an hour, with 225/250K priced in . A weaker than expected number will likely have the greatest impact on the market with the market having fully digested the fact that the US economy remains in a strong uptick. Any data that derails that notion is likely to have more impact. Stops are poised above the 1.2300 area though offers from long-term players begin to gather toward 1.2380, dealers note. On the downside, a break of 1.2150/55 is needed to spark much interest. A dip to 1.2080 is seen if 1.2150 is lost. --
Quelle: Refco
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