EUR/USD: 1.2750 looms as pivotal support level
The EUR/USD has eased by around 25 pips in Asian trade, falling in sympathy with the AUD/USD more than anything else. If we get a swift sell-off in Europe then it will certainly be good value to buy near 1.2750 with a tightish stop as there is very important support near there. If it drifts slowly lower then I’d be less inclined to buy on a Friday afternoon.
USD/JPY has been a waste of time today and its really all been about the Anzacs.