Forex: EUR/USD finds bids above 1.2870
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EUR/USD
FXstreet.com (Barcelona) - In a very slow Asian market session, EURUSD is back to upper side of the tiny range is playing so far at 1.2886, bouncing from session lows at 1.2868 when Ecofin in Brussels took a pause to start again later on at 12:00pm Brussels local time.
Tokyo is currently closed on holiday, following US markets also closed Thursday on Thanksgiving Day. As Eamonn Sheridan from ForexLive says: "Expect big sellers ahead of 1.2900 - there appears to be option defense-related selling there, which held the rally in Europe/NY."
Next risk event for EURUSD markets will pay close attention to will be German IFO climate business survey at 09:00 GMT, along with second round of Ecofin meetings, that could take all day long before any decision is made on 2013 EU budget.
Tokyo is currently closed on holiday, following US markets also closed Thursday on Thanksgiving Day. As Eamonn Sheridan from ForexLive says: "Expect big sellers ahead of 1.2900 - there appears to be option defense-related selling there, which held the rally in Europe/NY."
Next risk event for EURUSD markets will pay close attention to will be German IFO climate business survey at 09:00 GMT, along with second round of Ecofin meetings, that could take all day long before any decision is made on 2013 EU budget.
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