Market news
29.12.2010, 15:06

EUR/USD holds steady

EUR/USD holds a firm tone with traders reporting good two-way flows. Overnight, the pair bounced off a key support line at $1.3078, as well as its 200-day moving average, which comes in Weds at $1.3084, so players are willing to try a euro long position, they say. Nevertheless, these accounts will want to see the euro vault overnight highs around $1.3157 and Tuesday's highs around $1.3274 before embracing a new uptrend that may lead to the December peaks just shy of $1.3500.

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