EUR/USD back to $1.4200

Market news

16 May 2011

EUR/USD back to $1.4200

EUR/USD tries to set over $1.4200 for trade to $1.4220 in thin market. Euro expected to find supply to $1.4250 and resistance around the 55d ma at $1.4274. Rate currently holds around $1.4196.

Dow -15.78 at 12579.86, Nasdaq -33.60 at 2794.87, S&P -3.93 at 1333.84

Dow -0.53 at 12595.65, Nasdaq -28.45 at 2800.02, S&P -2.10 at 1335.67

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