By Gerry Davies || February 29, 2012 at 07:01 GMT
|| 2 comments || Add comment
Not really

It’s dead as the proverbial dodo.
Market very much focused on ECB’s 3-year LTRO results due at 10:15 GMT, with the median forecast (if there’s such a thing) seemingly calling for a take up of some 500 billion euros.
EUR/USD sits at 1.3470. Sell orders remain up at 1.3485/00, ahead of well-documented 1.3500 barrier option interest.
Buy stops seen through 1.3510 (1.3509 is 38.2% fibo retracement 1.4940-1.2624)
Downside sell stops through 1.3390.
UPDATE: Nearly forgot, more barriers lined up at 1.3525 and 1.3550.
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