EUR/USD continues to give back some ground after stalling at 1.3277 early in New York trade. 1.3205 is the 38.2% retracement of the 1.2965/1.3277 bounce over the last 24 hours. Modest chart support is also seen at 1.3215. Expect trailing stops around 1.3200.
Earlier todaythere were reports of central bank buys in the 1.3200 region, so it will be interesting to see if they resurface on dips. EUR/USD is now at 1.3229.
