Will the buyers enter or are we going to get another break lower?
The EURUSD is trading to new lows and tests the next support area defined by the broken trend line. ALso the 1.0600 level is being approached. There are a fairly healthy amount of option expirations at the 1.06000 level tomorrow (see prior post here).
The levels keep on getting taken out. Will dip buyers come in here or are we going to get another break lower?
London/European traders in the last hour or so of trading for their day.
In other markets currently:
- Spot gold is trading at $1171 -3 dollars or -0.25%
- US crude oil futures are trading at $50.50 plus $.76 or 1.5%
- US 10 year note trading at 2.3944%, +5.4 basis points
- German 10 note trading at 0.399% or +5 BP
- S&P index is near unchanged
- NASDAQ composite index is trading up 22 points or 0.41%
- Dow industrial average is up 21 points or 0.11%
- European stocks are higher with the German DAX leading the way at +1.88%. The Spanish Ibex is up 1.85%. The French CAC is up 0.78% in the UK FTSE is up 0.35%
