EUR/USD Forex Market moving news by AceTrader

EUR/USD – 1.3735.. Euro trades relatively narrowly in Asia after failure to re-test Friday’s high made in Europe at 1.3796. Intra-day high made in NZ/AUS at 1.3784 on eur/yen buying but sellers emerged n pushed euro to 1.3726. Bids at 1.3730-10 area shud contain weakness as the 2-day EU meeting by ministers today & finance ministers tom shud provide support to the single ccy. A mixture of offers & stops is reported abv 1.3800 but Friday’s CFTC report showed euro net short positions last week had reached record means people are willing to sell euro on rallies. Upside today looks ltd as daily chart res at 1.3840 may be tough nut to crack without pro-euro news.