EUR/USD has fallen back on renewed Greek jitters and concerns over Iran’s provocation into an Iraqi oil field.
EUR/USD has fallen as low as 1.4288 thus far and has traders eying support down in the 1.4175 area where the 200-day moving average comes into play.
The lower we go in EUR/USD during this illiquid period, the greater the risk of US investors and corporations being drawn off the sidelines to hedge the unexpected dollar rebound.