EUR/USD is squeezing some intraday shorts, popping up to 1.4606. US equities opened a bit-less weak in the cash market than in futures trade and traders say there has been some buying of EUR/USD by a European central bank. Any buying at these levels would be “commercial” only, not meant to send any sort of a signal to the market, that’s for sure.
Traders continue to debate the USD impact from the China trade row. Best not to tug on Superman’s cape is my view.
1.4610/15 is short-term support on the charts. We popped as high as 1.4635-ish briefly last week