FX & CFD trading involves significant risk
Traders linking the lift in the pair to demand from a semi-official name and also to demand related to Euro-Stoxx demand, though both suggestions are mentioned in less than compelling terms. Euro stalling now after high prints at $1.3190 area, the earlier slide on Portugal ratings action perhaps leaving a few shorts to be squeezed. Offers expected at $1.3215/20 area shud the shortsqueeze continue. Bids remain at $1.3140/35, ahead of $1.3100-$1.3090.
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