EUR/USD has attempted to break the 100-day moving average (1.3117) in sustained fashion three times so far today but has failed to hold below it thus far. If the Irish news (sovereign debt downgraded by S&P to AA+ from AAA) and oil falling below $50 (and then $49) could not get the job done, it seems unlikely we’ll break to the downside today.1.3180 and 1.3210 are resistance levels on rebounds intraday.
Looks like the bottom is in for today
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