Frisky risky

21/11/2012 | 14:03 GMT

The upbeat US manufacturing data has improved risk appetites further, pushing EUR/USD back into the low 1.2820s where we’ve stalled several times this week. Stops are above 1.2830 and again above 1.2850. 1.2844 is the 38.2% retracement of the 1.3140/1.2660 drop and more shorts will cover if that area is taken out.

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