EUR/USD Gains A Light Bid

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EUR/USD Gains A Light Bid

By Greg Michalowski on October 27, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

The EUR/USD has broken back above the the 1.49 handle even as the Shanghai Composite (down 1.59%,) Nikkei (down 1.45%) and US equity futures trade lower. The Euro has gained a light bid across the board, pariticularly against the USD on what looks like some corrective activity. It will be interesting to see if the pair breaks the trending 21 hour moving average.

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