• EUR/USD moves below $1.3200

Market news

26 March 2012

EUR/USD moves below $1.3200

EUR/USD moves below $1.3200 to extend its corrective pullback off overnight highs at $1.3285 to $1.3195. Move trips stops below the figure but rate seen meeting some profit take demand which is currently providing a cushion. However, recovery efforts so far remain shallow, the rate edging back just above $1.3200, and seen keeping focus on the downside. Next support around $1.3190, a break to allow for a deeper move toward $1.3170/60.

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