Traders say they see orders from Asian central banks beginning to filter into the market just ahead of the 1.3450 area. EUR/USD managed to probe below 1.3480 earlier, triggering another batch of stop-loss sell orders.
Uncertainty surrounding the how and when of the Greek aid package as well as the new wave of risk aversion associated with the Goldman Sachs fraud charge from the SEC have prompted a tidal wave of risk aversion to end the week.
Hell, there is even speculation that the Icelandic volcano will prevent the IMF from reaching Athens to open talks…