EUR/USD has slipped slightly in early European trading, presently at 1.4395. Having said that things look rather uninspired at the present time, as the market consolidates after the heavy USD losses seen last Friday and Monday.
As mentioned in the opening blurb, there are lots of European data releases this morning, so maybe things will liven up a little.
Technical supports 1.4380/85 and 1.4345/50, resistance 1.4425/35.
Sovereign sales up around 1.4430 are capping the upside at the present time. Talk of barrier option interest at 1.4450 and defence of said interest expected.
On the downside had been hearing yesterday buy orders down at 1.4350/60. Sure they’re still there, just need to get confirmation.