Support in the 1.3980/90 region continues to prop EUR/USD despite prices easing through the 1.4000 level where Asian central banks have been keen buyers the last two sessions. Stop-loss sell orders are mixed in with bids in the 1.3980/90 region but the bias turns tooward stops on a break of the 1.3980.
Beware oversold oscillators on the intraday charts as a nasty short-squeeze could unfold, especially if we see any improvement in the oil or US equity markets.
