Like yesterday, traders report steady interest to sell EUR/USD into strength today. Reports of selling from the Middle East, the Asian sub-continent and from the SNB have all made the rounds today.
That’s a headwind the the speculative community has to overcome. In the case of the SNB, the market has shown in rather spectacular fashion, that unless working in concert, central banks ca slow but rarely reverse trends…
Stop loss orders are seen on either end of the overnight range, below the 1.2680 level and above 1.2740, traders report. We trade now at 1.2718.
